The AUD/USD currency pair AUD/USD continues to move within the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term uptrend. Prices are testing the area between the signal lines again, which indicates the pressure from the buyers of the currency pair and the potential continuation of the instrument value growth from the current levels. At the moment of forecast publication the rate of Australian Dollar to US Dollar is 0.6409. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6455. Further, the price rebound downward and continuation of quotations falling to the area below the level of 0.6165.
Australian Dollar Forecast AUDUSD for May 14, 2025
An additional signal in favor of the AUD/USD currency pair decline will be a rebound from the resistance line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the upper boundary of the reversal pattern “Head and Shoulders”. A strong price growth and breakdown of the level 0.6545 will cancel the scenario with the fall of Australian Dollar quotes at Forex. This will indicate the breakdown of the resistance area and the continuation of the AUD/USD currency pair growth with a potential target above the level of 0.6765. We should expect confirmation of the pair’s fall with the breakdown of the support area and closing of quotes below the level of 0.6305, which will indicate the breakdown of the lower boundary of the reversal pattern “Head and Shoulders” and the beginning of the pattern realization with prices below.
Australian Dollar Forecast AUDUSD for May 14, 2025 suggests an attempt to test the resistance level near the 0.6455 area. Further, the continuation of the fall of the pair quotes below the level of 0.6165. An additional signal in favor of the pair decline will be a test of the trend line on the relative strength indicator. A strong growth of AUD/USD quotes and a breakdown of 0.6545 area will cancel the downside option. This will indicate the continuation of the quotes’ rise with a potential target above the level of 0.6765.
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