The Australian Dollar to US Dollar currency pair AUD/USD continues to move within the fall and has begun to implement the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term uptrend. 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 0.6453. Now, we should expect an attempt at a bullish correction and a test of the resistance area near the 0.6475 level. Further, a rebound in prices downwards and a continuation of the decline in quotes to the area below the 0.6375 level.
Australian Dollar Forecast AUD/USD for June 20, 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 head and shoulders reversal pattern. A strong rise in prices and a breakout of the 0.6565 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 0.6725 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 The AUD/USD forecast for June 20, 2025, suggests an attempt to test the resistance level near the 0.6475 area. Further, the pair will continue to fall below the 0.6375 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 0.6565 area will cancel the decline scenario. This will indicate a continuation of the growth in quotes with a potential target above the 0.6725 level.
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