The Australian Dollar to US Dollar (AUD/USD) currency pair continues to move within a developing correction and forming a Triangle pattern. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, indicating bearish pressure on the currency pair and a potential continuation of the instrument’s decline from current levels. At the time of publication of this forecast, the Australian Dollar to US Dollar exchange rate is 0.6498. At this point, we should expect an attempt at a bullish correction and a test of the resistance area near 0.6510. Subsequently, a downward rebound and a continued decline to below 0.6385 are expected.
Australian Dollar Forecast AUD/USD for October 23, 2025
An additional signal favoring a decline in the AUD/USD currency pair will be a rebound from the resistance line on the relative strength indicator (RSI). The second signal supporting this scenario would be a rebound from the upper boundary of the Triangle pattern. A strong price increase and a breakout of 0.6565 would cancel the downward trend for the Australian Dollar on Forex. This would indicate a breakout of the resistance area and continued growth for the AUD/USD currency pair, with a potential target above 0.6745. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 0.6445, which would indicate a breakout of the lower boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets below.
Australian Dollar Forecast AUD/USD for October 23, 2025 suggests an attempt to test the resistance level near 0.6510. Subsequently, the pair’s decline should continue below 0.6385. An additional signal supporting the pair’s decline 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 out the downside scenario. This will indicate a continued rally with a potential target above 0.6745.
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