Currency pair Australian Dollar to US Dollar AUD/USD continues its movement within the correction and bear channel. Moving averages indicate a short-term bullish trend. Prices are once again testing the area between signal lines, which indicates pressure from the bulls of the currency pair and the potential continuation of growth in the instrument’s price already from current levels. At the time of the forecast publication, the Australian Dollar to US Dollar exchange rate is 0.6435. Currently, a bullish attempt development and testing of the resistance area near the level of 0.6515 should be expected. Subsequently, a price bounce down and further decline in quotations to an area below the level of 0.6235.
Australian Dollar Forecast AUD/USD for May 28, 2025
Additional signals in favor of reducing the currency pair AUD/USD would be a bounce off the resistance line on the Relative Strength Index (RSI) indicator. A second signal in favor of this scenario will be a reversal from the upper boundary of the bullish channel. Cancellating the scenario with the fall of the Australian Dollar quotes on Forex would be a strong price rise and penetration of the level 0.6635. This would indicate breaking the resistance area and continuation of growth for the AUD/USD currency pair with potential target above the level 0.6845. Expecting confirmation of a decline in the pair should occur upon breaching the support area and closing quotes below the level 0.6335.
Australian Dollar Forecast AUD/USD for May 28, 2025 anticipates a test of the resistance level near the area of 0.6515. Following this, continuation of the price drop below the level of 0.6235. A further downtrend signal would be a bounce off the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the downward scenario will occur with a strong rise in AUD/USD quotes and breaking the area of 0.6635, indicating continuation of the price rise towards potential targets above the level of 0.6845.
