The AUD/USD currency pair continues to move within the growth and formation of the “Triangle” pattern. The moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6347. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the level of 0.6385. Then, a downward price rebound and a continuation of the fall in quotes to the area below the level of 0.6175.
Australian Dollar Forecast for April 4, 2025
An additional signal in favor of a decline in the AUD/USD currency pair 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 border of the “Triangle” pattern. The scenario with the fall of the Australian Dollar quotes on Forex will be cancelled by a strong price growth and a breakout of the 0.6445 level. This will indicate a breakout of the resistance area and continued growth of the AUD/USD currency pair with a potential target above the 0.6675 level. Confirmation of the pair’s fall should be expected with a breakout of the support area and closing of quotes below the 0.6205 level, which will indicate a breakout of the lower border of the “Triangle” pattern and the beginning of the implementation of the pattern with targets below.
Australian Dollar Forecast for April 4, 2025 suggests an attempt to test the support level near the 0.6385 area. Further, continued growth of the pair’s quotes above the 0.6175 level. An additional signal in favor of the rise of the pair will be a test of the trend line on the relative strength indicator. The growth scenario will be cancelled if the AUD/USD quotes fall and the 0.6445 area is broken. This will indicate a continuation of the quotes’ fall with a potential target below the 0.6675 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
