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 0.6489. Now, we should expect an attempt at a bullish correction and a test of the resistance area near the 0.6585 level. Further, a downward rebound in prices and a continuation of the decline in quotes to an area below the 0.6275 level.
Australian Dollar Forecast AUD/USD for June 6, 2025
An additional signal in favor of a decline in the AUD/USD currency pair will be a rebound from the resistance line on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the upper border of the bullish channel. A strong rise in prices and a breakout of the 0.6615 level will cancel the scenario of a decline in the Australian dollar on Forex. This will indicate a breakout of the resistance area and a continuation of the growth of the AUD/USD currency pair with a potential target above the 0.6765 level. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below the 0.6365 level, which would indicate a breakout of the lower boundary of the bullish channel.
Australian Dollar Forecast AUD/USD for June 6, 2025 suggests an attempt to test the resistance level near the 0.6585 area. Further, the pair will continue to fall below the 0.6275 level. An additional signal in favor of a decline in the pair 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 0.6615 area will cancel the decline scenario. This will indicate a continuation of the rise in quotes with a potential target above the 0.6765 level.
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