Australian Dollar to US Dollar AUD/USD currency pair continues to move within the correction and bullish channel. Moving averages indicate the presence of a short-term uptrend. Prices broke through the area between the signal lines upwards, which indicates the pressure from the buyers of the currency pair and the potential continuation of the growth of the instrument’s value already from the current levels. At the moment of forecast publication the rate of Australian Dollar to US Dollar is 0.6464. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6495. Further, the price rebound downward and the continuation of the quotes fall to the area below the level of 0.6245.
Australian Dollar Forecast AUDUSD for May 15, 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 bullish channel. A strong price growth and breakdown of the level 0.6585 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 the quotes closing below the level of 0.6355, which will indicate the breakdown of the lower boundary of the bullish channel.
Australian Dollar Forecast AUDUSD for May 15, 2025 suggests an attempt to test the resistance level near the 0.6495 area. Further, the continuation of the pair quotes fall below the level of 0.6245. 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 breakdown of 0.6585 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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