The Australian Dollar to US Dollar (AUD/USD) exchange rate is one of the world’s most traded currency pairings.
In this article we make an Australian Dollar / US-Dollar price forecast and longterm prediction. We would like to give an assessment of the future price development of AUD/USD forex pair. We look at the short term chart like the daily chart, the medium term chart like the weekly chart and monthly charts, and also the long term charts for AUD/USD which are the quarterly and yearly charts. The basis of our analysis is the Price Action and Technical Chart Analysis.
The charts used are from TradingView and the prices are from FXCM.
Australian Dollar/US-Dollar forecast: Daily chart
Last update: July 25, 2021
In the daily chart we see that AUD/USD Forex pair is moving downwards after breaking below the sideways range that was established from the beginning of the year. Last candlesticks challenging 0.7300 price levels.
Resistance: 0.7413 | 0.7742 | 0.8007 (2021 high) | 0.8135
Support: 0.7295
Australian Dollar/US-Dollar forecast: The daily chart of AUD/USD looks neutral to negative. We expect a continuation of the price decline in case the support at 0.7295 gives way. Only a price advance above the 2020 high could turn the chart picture back into positive outlook.
AUD/USD forecast: Weekly chart
Last update: July 25, 2021
In the weekly chart we see AUD/USD Forex moving in an established uptrend recovering from 2020 low. Recent development shows a decline back to key support of the 2019 high.
Resistance: 0.7413 | 0.7742 | 0.8135
Support: 0.7295
Australian Dollar forecast: In the weekly chart AUD/USD looks neutral to slightly positive, if the support at 0.7295 withstands. A further price decline below the 2019 high would turn the chart picture into negative outlook.
AUD/USD forecast: Monthly chart
Last update: July 25, 2021
In the monthly chart we see AUD/USD Forex pair moving in a short term uptrend, currently trading close above the 2019 high.
Resistance: 0.7742 | 0.8135
Support: 0.7295
Australian Dollar forecast: The monthly chart for AUD/USD looks neutral. We expect a continuation of the uptrend, if support from the 2019 high could last. A price drop below the 2019 high at 0.7295 would turn our outlook to negative.
Australian Dollar prediction: Quarterly chart
Last update: July 25, 2021
In the quarterly chart of AUD/USD we see prices trading near above the 2019 high.
Resistance levels: 0.7742 | 0.8135
Support levels: 0.7295
Australian Dollar prediction: The long term downtrend of AUD/USD has been corrected since the currency pair has reached the 2020 low. A run-up to the 2018 high was rejected. If the price drops below the 2019 high at 0.7295, the longterm outlook would turn to negative.
AUD/USD forecast: Yearly chart (Historical chart)
Last update: July 25, 2021
In the yearly chart we see that AUD/USD has developed a strong reversal candle for the year 2020, currently trading around the 2019 high.
Resistance levels: 0.7742 | 0.8135
Support levels: 0.7295
Australian Dollar forecast: We expect to see stronger prices with target above 0.8000 level, but only if the price could recover above the key level of the 2020 high. A price drop below the 2019 high at 0.7295 would turn our positive longterm outlook to neutral or negative.
What is the current price of AUD/USD ?
The current price of AUD/USD you can see here.
About AUD/USD
AUD/USD, often referred to as “Aussie”, a foreign exchange term used to describe the Australian Dollar vs the US dollar, is one of the oldest traded currency pairs. The Currency Pair AUD/USD is the shortened term for the Australian Dollar against U.S. dollar pair, or cross for the currencies of Australia (AUD) and the United States (USD). … For example, if the pair is trading at 0.6500, it means it takes 0.6500 U.S. dollars to buy 1 Australian Dollar.
*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.
Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.
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