The Australian Dollar to US Dollar currency pair AUD/USD continues to move within a downward channel. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from the bulls of the currency pair and a potential continuation of the instrument’s growth from current levels. At the time of publication of the forecast, the Australian dollar to US dollar exchange rate is 0.6473. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6565. Further, a rebound in prices downwards and a continuation of the decline in quotes to the area below the level of 0.6395.
Australian Dollar Forecast AUD/USD for August 8, 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 downward channel. A strong rise in prices and a breakout of the 0.6625 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 0.6845 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, which would indicate a breakout of the lower boundary of the bullish correction channel.
Australian Dollar Forecast AUD/USD for August 8, 2025 suggests an attempt to test the resistance level near the 0.6565 area. Further, the pair will continue to fall below the 0.6395 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 0.6625 area will cancel the decline scenario. This will indicate a continuation of the rise in quotes with a potential target above the 0.6845 level.
