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 upward 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 instrument’s growth from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6501. At the moment, we should expect an attempt to develop an uptrend and test the resistance area near the 0.6525 level. Further, a rebound in prices downwards and a continuation of the decline in quotes to the area below the 0.6385 level.
Australian Dollar Forecast AUD/USD for June 19, 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 head and shoulders reversal pattern. A strong rise in prices and a breakout of the 0.6595 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 0.6705 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 Head and Shoulders reversal pattern and the beginning of the pattern’s realization with targets below.
Australian Dollar Forecast AUD/USD for June 19, 2025, suggests an attempt to test the resistance level near the 0.6525 area. Further, the pair will continue to fall below the 0.6385 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 0.6595 area will cancel the decline scenario. This will indicate a continuation of the growth in quotes with a potential target above the 0.6705 level.
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