The foreign currency pair Australian Dollar to US Dollar AUD/USD continues its movement within the correction and forming a “Triangle” pattern. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between signal lines downwards, which indicates pressure from the sellers of the currency pair and potential continuation of the instrument’s value drop from current levels already. At the time of this forecast publication, the Australian Dollar to US Dollar exchange rate is at 0.6442. Currently, one should expect an attempt for development of a bearish correction and testing of resistance area close to level 0.6465. Following that, a price bounce downwards followed by continuation of prices’ values drop below the level 0.6225 area.
Australian Dollar Forecast AUDUSD for May 22, 2025
Additional signals in favor of the depreciation of the currency pair AUD/USD would be a rebound from the resistance line on the Relative Strength Index (RSI) indicator. The second signal in favor of this scenario is a knockback off the upper boundary of the “Triangle” model. Cancellation of the scenario of the fall in the value of the Australian Dollar on Forex will be a strong price rise and penetration of the level 0.6545. This indicates a break into the resistance area and continuation of the growth of the AUD/USD currency pair with a potential target above the level 0.6735. To confirm the decline, wait for a breach of the support zone and closing quotes below the level 0.6315, which will indicate a breach of the lower boundary of the “Triangle” model and the beginning of implementing a pattern with targets down.
Australian Dollar Forecast AUDUSD for May 22, 2025, anticipates a test of the resistance level near the area of 0.6465. Subsequently, continuation of the price drops below the level of 0.6225. An additional signal in favor of pair depreciation will be a bounce off the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the decline scenario will be a strong rise in AUD/USD quotes and breaking through the area of 0.6545, which will indicate continuation of the growth with a potential target above the level of 0.6735.
