The Australian Dollar to US Dollar (AUD/USD) currency pair continues to move higher and form a Triangle pattern. Moving averages indicate a short-term uptrend. Prices are again testing the area between the signal lines, indicating buying pressure on the currency pair and potential continued price growth from current levels. At the time of publication of this forecast, the Australian Dollar to US Dollar exchange rate is 0.7006. Currently, we expect an attempt at a correction and a test of the support area near 0.6985. Subsequently, an upward rebound and continued growth above 0.7305 are expected.
Australian Dollar Forecast AUD/USD for March 24, 2026
An additional signal in favor of the AUD/USD currency pair will be a rebound from the support line on the relative strength indicator (RSI). The second signal in favor of this scenario would be a rebound from the lower boundary of the Triangle pattern. A reversal of the upward trend in the Australian Dollar on Forex would be a price decline and a breakout of 0.6855. This would indicate a breakout of the support area and continued decline in the AUD/USD currency pair, with a potential target below 0.6675. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 0.7205, which would indicate a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
Australian Dollar Forecast AUD/USD for March 24, 2026 suggests an attempt to test the support level near 0.6985. Subsequently, continued growth above 0.7305. An additional signal in favor of the pair’s upside would be a rebound from the trend line on the relative strength indicator. The upside scenario would be cancelled if AUD/USD quotes fall and break below 0.6855. This would indicate continued declines with a potential target below 0.6675.
