The Australian Dollar to US Dollar AUD/USD currency pair continues to move within a falling and bullish channel. Moving averages indicate the presence of a short-term bullish trend. Prices are testing the area between the signal lines again, which indicates the pressure from the bulls of the currency pair and the potential continuation of the growth of the instrument’s value already from the current levels. At the moment of forecast publication the rate of Australian Dollar to US Dollar is 0.6495. Now, we should expect an attempt to develop a decline and a test of the support area near the level of 0.6465. Further, the price rebound upwards and continuation of quotes growth to the area above the level of 0.6685.
Australian Dollar Forecast AUD/USD for July 8, 2025
An additional signal in favor of the AUD/USD currency pair growth will be a rebound from the support line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the lower boundary of the bullish channel. Cancellation of the scenario with the growth of Australian Dollar quotes on Forex will be the price drop and breakdown of 0.6385 level. This will indicate the breakdown of the area of support and the continuation of the AUD/USD currency pair decline with a potential target below the level of 0.6235. We should expect confirmation of the pair’s rise with the breakdown of the resistance area and closing quotes above the level of 0.6515.
Australian Dollar Forecast AUD/USD for July 8, 2025 suggests an attempt to test the support level near the area of 0.6465. Further, the continuation of the pair quotes growth above the level of 0.6685. An additional signal in favor of the pair’s rise will be a rebound from the trend line on the relative strength indicator. A fall in AUD/USD quotes and breakdown of the 0.6385 area will cancel the growth option. This will indicate the continuation of the quotes decline with a potential target below the level of 0.6235.
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