The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the area of 0.6286. There is still potential for the formation of a reversal pattern “Head and Shoulders”. The pair continues to move within the development of a sideways correction and a descending channel. Moving averages indicate the presence of a bearish trend. Prices broke 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 level of 0.6355. Then, a downward rebound and a continuation of the fall of AUD/USD with a potential target below the level of 0.5865 on the currency market.
AUD/USD Weekly Forecast March 31 — April 4, 2025
An additional signal in favor of the pair’s fall on Forex will be a rebound from the upper boundary 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 March 31 — April 4, 2025 will be a strong growth and a breakout of the 0.6565 level. This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex with a potential target at 0.6875. Confirmation of the development of the fall will be a breakout of the support area and closing prices below 0.6195, which will indicate a breakout of the lower boundary of the “Head and Shoulders” reversal pattern and the beginning of the implementation of the pattern with targets below.
Important news from Australia that could affect the Australian Dollar rate is not expected, so the pair will continue to move within the framework of technical analysis.
AUD/USD Weekly Forecast March 31 — April 4, 2025 suggests an attempt to develop a bullish correction and test the level of 0.6355. Further, the continuation of the fall of the currency pair below the level of 0.5865. In favor of the decline of the pair in the current trading week will be the test of the trend line on the relative strength indicator. The cancellation of the fall option will be a strong growth and a breakout of the 0.6565 area. This will indicate a breakout of the resistance area and a continuation of the rise of the pair with a target above 0.6875.
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