The AUD/USD currency pair is ending the trading week with a correction near the 0.70 level. The pair continues to move within a bullish channel while forming a “Triangle” pattern. Moving averages point to an ongoing uptrend. The price has broken upward through the area between the signal lines, indicating mounting pressure from buyers and the potential for further gains in the currency pair. At present, we should anticipate an attempt to extend the decline and a test of the support area near the 0.6945 level. This would likely be followed by an upward rebound and a resumption of the AUD/USD pair’s growth, with a potential target above the 0.7545 level.
AUDUSD Weekly Forecast October 26 – 30, 2026
An additional signal favoring an upward move in the pair is a rebound from the lower boundary of the “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 (October 26–30, 2026) would be invalidated if the price falls and breaks below the 0.6775 level. Such a move 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 area, with prices closing above 0.7305; this would signal a break through the upper boundary of the “Triangle” pattern and the initiation of the pattern’s bullish targets.
AUDUSD Weekly Forecast October 26 – 30, 2026 suggests an attempt at a bearish correction and a test of the 0.6945 level, followed by a resumption of the pair’s growth toward the 0.7545 level. A test of the trend line on the Relative Strength Index (RSI) indicator supports the case for an upward move this week. The bullish scenario would be invalidated by a decline and a break below the 0.6775 area, which would signal a breach of support and a continued decline for the pair, with a target below 0.6465.
