The Australian Dollar to US Dollar currency pair AUD/USD continues to move within the correction and bullish channel. Moving averages indicate a short-term bullish 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 0.6533. Now, we should expect an attempt to develop an uptrend and test the resistance area near the 0.6585 level. Further, a price rebound downwards and a continuation of the decline in quotes to the area below the 0.6465 level.
Australian Dollar Forecast AUD/USD for July 2, 2025
An additional signal in favor of a decline in the AUD/USD currency pair will be the formation of a head and shoulders reversal pattern on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the upper border of the bullish channel. A strong rise in prices and a breakout of the 0.6635 level will cancel the scenario of a fall in the Australian dollar on Forex. This will indicate a breakout of the resistance area and a continuation of the rise of the AUD/USD currency pair with a potential target above the 0.6945 level. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below the 0.6425 level, which would indicate a breakout of the lower boundary of the bullish channel.
Australian Dollar Forecast AUDU/SD for July 2, 2025suggests an attempt to test the resistance level near the 0.6585 area. Further, the pair will continue to fall below the 0.6465 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 0.6635 area will cancel the decline scenario. This will indicate a continuation of the growth in quotes with a potential target above the 0.6945 level.
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