The Australian Dollar to US Dollar (AUD/USD) currency pair continues to move as it continues to decline and forms a Head and Shoulders reversal pattern. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating downward pressure on the currency pair and a potential further decline from current levels. At the time of this forecast, the Australian Dollar to US Dollar exchange rate is 0.6501. Currently, we expect an attempt to continue the decline and a test of the support area near 0.6465. Subsequently, we expect an upward rebound and continued growth above 0.6605.
Australian Dollar Forecast AUD/USD for October 16, 2025
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 Head and Shoulders reversal pattern. A reversal of the Australian Dollar’s upward trend on Forex would be canceled by a price drop and a breakout of 0.6405. This would indicate a breakout of the support area and a continued decline in the AUD/USD currency pair, with a potential target below 0.6255. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 0.6435.
Australian Dollar Forecast AUD/USD for October 16, 2025 suggests an attempt to test the support level near 0.6465. Subsequently, continued growth above 0.6605. 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 the 0.6405 level. This would indicate a continued decline with a potential target below 0.6255.
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