The AUD/USD currency pair (Australian Dollar/US Dollar) is ending the trading week on an upward note, near the 0.7029 level. The pair continues to move within a bullish channel while forming a “Triangle” pattern. Moving averages point to an ongoing uptrend. Prices are once again testing the area between the signal lines, which indicates growing pressure from buyers and the potential for further gains in the pair. At present, we should anticipate an attempt at a decline, testing the support area near the 0.6925 level. Following this, an upward rebound and continued growth for the AUD/USD pair are expected, with a potential target above the 0.7385 level.
AUDUSD Weekly Forecast November 2 – 6, 2026
An additional signal supporting an ascent in the pair is a rebound from the lower boundary of a “Triangle” pattern. A second signal is a rebound from the support line on the Relative Strength Index (RSI) indicator. The bullish scenario for the AUD/USD pair during the current trading week (November 2–6, 2026) would be invalidated if the price falls and breaks below the 0.6765 level. This would indicate a breach of support and a continued decline for the Australian Dollar, with a potential target at 0.6465. Confirmation of an upward move would come from a breakout above the resistance zone, with prices closing above 0.7105—signaling a break of local resistance.
AUDUSD Weekly Forecast November 2 – 6, 2026 suggests a potential bearish correction, testing the 0.6925 level, followed by a resumption of the pair’s growth toward the 0.7385 level. A test of the trend line on the RSI indicator would further support an upward move this week. Conversely, a decline that breaks through the 0.6765 area would invalidate the bullish outlook, signaling a breakdown of support and a continued decline toward a target below 0.6465.
