The Australian Dollar to US Dollar (AUD/USD) currency pair continues to move within a growing and bullish channel. Moving averages indicate a short-term uptrend. Prices have broken above the signal lines, indicating upward pressure from buyers of the currency pair and potential continued price growth from current levels. At the time of publication of this forecast, the Australian Dollar to US Dollar exchange rate is 0.7184. Currently, we expect an attempt at a bearish correction and a test of the support area near 0.7160. Subsequently, an upward rebound and continued growth above 0.7375 are expected.
Australian Dollar Forecast AUD/USD for April 29, 2026
An additional signal in favor of the AUD/USD currency pair will be a rebound from the support line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the lower boundary of the bullish correction channel. A reversal of the upward scenario for the Australian Dollar on Forex would be a price drop and a breakout of 0.7075. This would indicate a breakout of the support area and continued decline in the AUD/USD currency pair, with a potential target below 0.6925. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 0.7255.
Australian Dollar Forecast AUD/USD for April 29, 2026 suggests an attempt to test the support level near 0.7160. Further growth above 0.7375. An additional signal in favor of an uptrend would be a reversal from the trend line on the relative strength indicator. A reversal of the upward scenario would be a fall in AUD/USD quotes and a breakout of 0.7075. This would indicate a continued decline in quotes, with a potential target below 0.6925.
