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 0.6515. Now, we should expect an attempt to develop a correction and test the support area near the 0.6455 level. Further, the price will rebound upward and continue to grow to an area above the 0.6625 level.
Australian Dollar Forecast AUD/USD for June 12, 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 0.6425 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 0.6235 level. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the closing of quotes above the 0.6625 level.
Australian Dollar Forecast AUD/USD for June 12, 2025 suggests an attempt to test the support level near the 0.6455 area. Further, the pair will continue to rise above the 0.6625 level. An additional signal in favor of the pair’s rise will be a rebound from the trend line on the relative strength indicator. A fall in AUD/USD quotes and a breakout of the 0.6425 area will cancel the growth scenario. This will indicate a continuation of the decline in quotes with a potential target below the 0.6235 level.
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