The Australian Dollar to US Dollar (AUD/USD) currency pair continues to move higher and form a Head and Shoulders reversal pattern. Moving averages indicate a short-term uptrend. Prices have broken above the signal lines, indicating upward pressure from bulls and potential continued price growth from current levels. At the time of this forecast, the Australian Dollar to US Dollar exchange rate is 0.6617. Currently, we expect an attempt at a bearish correction and a test of the support area near 0.6595. Subsequently, we expect an upward rebound and continued growth above 0.6705.
Australian Dollar Forecast AUD/USD for October 7, 2025
An additional signal in favor of an uptrend for the AUD/USD currency pair will be a rebound from the support line on the relative strength indicator (RSI). The second signal supporting this scenario would be a rebound from the upper boundary of the bearish channel. A reversal of the Australian Dollar’s upward trend on Forex would be a price decline and a breakout of 0.6535. This would indicate a breakout of the support area and continued decline in the AUD/USD currency pair, with a potential target below 0.6365. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 0.6655, which would indicate a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets above.
Australian Dollar Forecast AUD/USD for October 7, 2025 suggests an attempt to test the support level near 0.6575. Subsequently, the pair’s growth should continue above 0.6695. An additional signal in favor of the pair’s rise will be a rebound from the trend line on the relative strength indicator. A decline in AUD/USD quotes and a breakout of the 0.6535 area will cancel out the upward scenario. This will indicate a continued decline with a potential target below 0.6365.
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