The Australian Dollar to US Dollar currency pair AUD/USD continues to move within the fall and has left the bullish correction channel. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from the bulls of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of publication of the forecast, the Australian dollar to US dollar exchange rate is 0.6558. At the moment, we should expect an attempt to develop growth and test the resistance area near the 0.6535 level. Further, a rebound in prices downwards and a continuation of the decline in quotes to the area below the 0.6445 level.
Australian Dollar Forecast AUD/USD for July 16, 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 lower border of the bearish channel. A strong rise in prices and a breakout of the 0.6585 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 0.6725 level. Confirmation of the pair’s decline should be expected with a breakout of the support area and the closing of quotes below the level of 0.6475.
Australian Dollar Forecast AUD/USD for July 16, 2025suggests an attempt to test the resistance level near the 0.6535 area. Further, the pair will continue to fall below the 0.6445 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 0.6585 area will cancel the decline scenario. This will indicate a continuation of the rise in quotes with a potential target above the 0.6725 level.
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