The Australian Dollar to US Dollar (AUD/USD) currency pair continues to move higher and form a “Wedge” reversal pattern. 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 this forecast, the Australian Dollar to US Dollar exchange rate is 0.6732. Currently, we expect an attempt to continue the rally and test the resistance area near 0.6755. Subsequently, a downward rebound and a continued decline below 0.6555 are expected.
Australian Dollar Forecast AUD/USD for January 7, 2026
An additional signal favoring a decline in the AUD/USD currency pair will be a rebound from the resistance line on the relative strength indicator (RSI). The second signal in favor of this scenario would be a rebound from the upper boundary of the Wedge reversal pattern. A strong price increase and a breakout of 0.6815 would cancel the scenario of a decline in Australian Dollar quotes on Forex. This would indicate a breakout of the resistance area and continued growth of the AUD/USD currency pair, with a potential target above 0.6985. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 0.6645, which would indicate a breakout of the lower boundary of the Wedge reversal pattern and the beginning of the pattern’s realization with targets below.
Australian Dollar Forecast AUD/USD for January 7, 2026 suggests an attempt to test the resistance level near 0.6755. Subsequently, the pair’s decline should continue below 0.6555. An additional signal supporting 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 0.6815 area would cancel out the downside scenario. This would indicate continued price growth with a potential target above 0.6985.
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