The AUD/USD currency pair continues to move within the context of a developing downtrend. Moving averages indicate a short-term bearish trend. Prices have broken downward through the area between the signal lines, signaling selling pressure and a potential continuation of the decline from current levels. At the time of this forecast, the AUD/USD exchange rate stands at 0.7046. Expect an attempt to extend the decline and test the support area near 0.6915, followed by an upward price rebound and a rise in quotes above the 0.7125 level.
Australian Dollar Forecast AUD/USD for October 13, 2026
A bounce off the support line on the Relative Strength Index (RSI) will serve as an additional signal favoring a rise in the AUD/USD pair. A second signal supporting this scenario would be a bounce off the lower boundary of the bullish channel. The scenario favoring a rise in the Australian Dollar (AUD/USD) would be invalidated if prices fall and break below the 0.6895 level. Such a move would signal a breach of the support zone and a continued decline in the pair, with a potential target below 0.6645. Confirmation of an upward move should be sought through a breakout of the resistance zone and a close above 0.7025, indicating a break of the descending channel’s upper boundary.
Australian Dollar Forecast AUD/USD for October 13, 2026 anticipates a test of the support level near 0.6915, followed by a rise in the pair’s rate above 0.7125. A bounce off the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting an upward move. The bullish scenario would be invalidated if AUD/USD prices fall and break below the 0.6895 level, signaling a continued decline with a potential target below 0.6645.
