The AUD/USD currency pair (Australian Dollar vs. US Dollar) is ending the trading week with a decline, settling near the 0.6977 area. The pair continues to move within a bullish channel while forming a “Triangle” pattern. Moving averages indicate an upward trend. Prices have broken upward through the area between the signal lines, indicating growing buying pressure and the potential for continued appreciation of the currency pair. For now, we should expect an attempt to extend the decline and a test of the support area near the 0.6925 level. This would be followed by an upward rebound and continued growth for AUD/USD, with a potential target above the 0.7575 level.
AUDUSD Weekly Forecast October 12 – 16, 2026
An additional signal favoring a rise in the pair is a rebound from the lower boundary of the “Triangle” pattern. A second signal would be a rebound from the support line on the Relative Strength Index (RSI). The bullish scenario for AUD/USD during the week of October 12–16, 2026, would be invalidated by a drop and a breakout below the 0.6825 level. This would indicate a break of support and a continued decline for the Australian Dollar, with a potential target at 0.6565. Confirmation of an upward move would come from a breakout of the resistance area and a price close above 0.7285, signaling a break of the Triangle’s upper boundary and the start of the pattern’s upside targets.
AUDUSD Weekly Forecast October 12 – 16, 2026 anticipates an attempt at a bearish correction and a test of the 0.6925 level, followed by a resumption of the pair’s rise toward the 0.7575 level. A test of the trend line on the RSI indicator supports the case for a rise this week. The bullish scenario would be invalidated by a drop and a breakout below the 0.6825 area, signaling a break of support and a continued decline toward a target below 0.6565.
