The Australian Dollar to US Dollar currency pair AUD/USD continues to move within the growth and bullish channel. Moving averages indicate a short-term upward trend. Prices have broken through the area between the signal lines upwards, indicating pressure from the bulls of the currency pair and a potential continuation of the instrument’s growth from current levels. At the time of publication of the forecast, the Australian dollar to US dollar exchange rate is 0.6521. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 0.6495. Further, the price will rebound upward and continue to grow to an area above the level of 0.6615.
Australian Dollar Forecast AUD/USD for June 10, 2025
An additional signal in favor of the growth of the AUD/USD currency pair will be a rebound from the support line on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the lower border of the bullish channel. A fall in prices and a break of the 0.6455 level will cancel the scenario of growth in the Australian dollar on Forex. This will indicate a break of the support area and a continuation of the decline in the AUD/USD currency pair with a potential target below the 0.6305 level. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the closing of quotes above the 0.6545 level.
Australian Dollar Forecast AUDUSD for June 10, 2025 suggests an attempt to test the support level near the 0.6495 area. Further, the pair will continue to rise above the 0.6615 level. An additional signal in favor of the pair’s rise will be a rebound from the trend line on the relative strength indicator. The growth scenario will be canceled if the AUD/USD quotes fall and break through the 0.6465 area. This will indicate a continuation of the decline in quotes with a potential target below the 0.6305 level.
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