The Australian Dollar to US Dollar currency pair AUD/USD continues to move within the correction and formation of the bearish “Wolf Wave” pattern. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the currency pair’s bears and a potential continuation of the instrument’s decline from current levels. At the time of publication of the forecast, the Australian dollar to US dollar exchange rate is 0.6471. At the moment, we should expect an attempt to develop growth and test the resistance area near the 0.6495 level. Further, a rebound in prices downwards and a continuation of the decline in quotes to the area below the 0.6365 level.
Australian Dollar Forecast AUD/USD for August 5, 2025
An additional signal in favor of a decline in the AUD/USD currency pair will be a rebound from the resistance line on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the upper border of the bearish Wolfe Wave pattern. A strong rise in prices and a breakout of the 0.6545 level will cancel the scenario of a decline in the Australian dollar on Forex. This will indicate a breakout of the resistance area and a continuation of the growth of the AUD/USD currency pair with a potential target above the 0.6785 level. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below the 0.6445 level.
Australian Dollar Forecast AUD/USD for August 5, 2025 suggests an attempt to test the resistance level near the 0.6495 area. Further, the pair will continue to fall below the 0.6365 level. An additional signal in favor of a decline in the pair will be a rebound from the trend line on the relative strength indicator. A strong rise in AUD/USD quotes and a breakout of the 0.6545 area will cancel the decline scenario. This will indicate a continuation of the rise in quotes with a potential target above the 0.6785 level.
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