Currency pair Australian Dollar to US Dollar AUD/USD continues its movement within a slight correction and began implementing the “Triangle” pattern. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between signal lines upwards, which indicates pressure from the bulls of the currency pair and potential continuation of price growth already at current levels. Now of making the forecast, the Australian Dollar to US Dollar exchange rate is 0.6503. Currently, one should expect an attempt at developing a bearish correction and testing the support area near the level of 0.6485. Then, a price rebound upwards and continuation of price quotes growth towards levels above 0.6605.
Australian Dollar Forecast AUD/USD for May 27, 2025
Additional signals in favor of the currency pair AUD/USD growing would be a bounce off the support line on the Relative Strength Index (RSI) indicator. The second signal for this scenario is rebounding from the lower boundary of the bullish channel. Cancelling the scenario with an increase in the Australian Dollar quotations on Forex will be a drop in prices and breaking through the level 0.6455. This would indicate a breach of the support area and continuation of AUD/USD currency pair decline with a potential target below the level 0.6305. Expecting confirmation of growth for this pair should occur upon breaching the resistance zone and closing quotes above the level 0.6565.
Australian Dollar Forecast AUDUSD for May 27, 2025 anticipates a test of the support level near the area of 0.6485. Subsequently, continuation of the price increase above the level of 0.6605. A further indication in favor of an increase in the pair would be a bounce off the trend line on the relative strength indicator. Cancellation of the scenario with growth will occur if the AUD/USD prices fall and breach the area of 0.6455, which will indicate continuation of the price drop with a potential target below the level of 0.6305.
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