The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6230 area. The pair continues to move within the development of a bullish correction and a descending channel. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the 0.6375 level. Then, a downward rebound and a continuation of the fall of AUD/USD with a potential target below the 0.5935 level on the foreign exchange market.
AUD/USD Weekly Forecast April 21 — 25, 2025
An additional signal in favor of the fall of the pair on Forex will be a rebound from the upper border of the descending channel. The second signal will be a rebound from the resistance line on the relative strength indicator (RSI). The cancellation of the fall option for the AUD/USD currency pair in the current trading week of April 21 — 25, 2025 will be a strong growth and a breakout of the 0.6635 level. This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex with a potential target at 0.6985. Confirmation of the development of the fall will be a breakout of the support area and closing prices below 0.6205.
AUD/USD Weekly Forecast April 21 — 25, 2025 suggests an attempt to develop a bullish correction and test the level of 0.6375. Further, the continuation of the fall of the currency pair below the level of 0.5935. A test of the trend line on the relative strength indicator will be in favor of a decrease in the pair in the current trading week. Cancellation of the fall option will be a strong growth and a breakout of the 0.6635 area. This will indicate a breakout of the resistance area and a continuation of the rise of the pair with a target above 0.6985.
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