Currency pair Australian Dollar to US Dollar AUD/USD continues its movement within the correction and bear channel. Moving averages indicate a short-term bull trend. Prices broke through the area between signal lines downwards, indicating pressure from the bears of the currency pair and potential continuation of the instrument’s value decline already at current levels. At the time of the forecast publication, the Australian Dollar to US Dollar exchange rate was 0.6439. Currently, we should expect an attempt at developing a decline and testing the support area near the level of 0.6415. Following this, a price bounce upwards and continuation of the rise in quotes into the region above the level of 0.6565.
Australian Dollar Forecast AUDUSD for May 30, 2025
Additional confirmation of the currency pair AUD/USD growth is a bounce off the support line on the Relative Strength Index (RSI) indicator. The second signal in favor of this scenario will be hitting the lower boundary of the bull channel. A reversal of the scenario with the increase in the Australian Dollar quotes on Forex would occur if prices fall and break through the level of 0.6375. This would indicate a breach of the support area, and continuation of AUD/USD currency pair decline with a potential target below the level of 0.6245. Expecting confirmation of the pair’s rise awaits penetration of the resistance zone and closing quotes above the level of 0.6465.
Australian Dollar Forecast AUDUSD for May 30, 2025 anticipates a test of the support level near the area of 0.6415. Then, continuation of the pair’s quotations rise above the level of 0.6565. An additional signal in favor of the pair’s growth would be a bounce off the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the rising variant will be the decline in AUD/USD quotes and penetration into the area of 0.6375. This will indicate continuation of the quotations decrease with a potential target below the level of 0.6245.
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