AUD/USD Forecast | Australian Dollar Prediction (2020)

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 further price development of Australian Dollar / US-Dollar. We look at the long term charts for AUD/USD, which are the yearly, quarterly and monthly 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.

AUD/USD forecast: Daily chart

Last update: July 23, 2020

Australian Dollar forecast daily chart
AUD/USD showing clear uptrend on daily chart

Resistance: 0.7160 | 0.7295
Support: 0.6877

In the daily chart we see AUD/USD Forex pair in an established uptrend.

Forecast: The daily chart of AUD/USD looks positive. Next price target could be the high of 2019 at 0.7295.

AUD/USD forecast: Weekly chart

Last update: July 24, 2020

Resistance: 0.7160 | 0.7295
Support: 0.7000 | 0.6877

In the weekly chart we see AUD/USD Forex pair in an established uptrend.

Australian Dollar forecast: The weekly chart for AUD/USD looks positive. Only a drop below 0.700 would turn the chart to neutral.

AUD/USD forecast: Monthly chart

Last update: July 24, 2020

Australian Dollar forecast monthly chart
AUD/USD correction of previous downtrend

Resistance: 0.7160 | 0.7295
Support:  0.6877

In the monthly chart we see AUD/USD Forex pair in a strong upward correction from the March low of 2020.

Australian Dollar forecast: The monthly chart for AUD/USD looks neutral. After the strong up move of the last four months we have to wait and see if price could hold above the July low at 0.6877. A drop below July low could lead to more weakness with a target at 0.6500.

AUD/USD forecast: Quarterly chart

Last update: July 24, 2020

Long term prediction of Australian Dollar
AUD/USD forecast: reaching resistance area above 0.7000

Resistance: 0.7160 | 0.7295
Support:  0.6877

In the quarterly chart of AUD/USD we see prices close to a strong resistance area around 0.7000 level.

Australian Dollar forecast: The long term downtrend of AUD/USD has been corrected. If prices can continue to show strength the next long term could be on the down side with a target area around 0.6000.

AUD/USD forecast: Yearly chart

Last update: July 24, 2020

Australian Dollar yearly chart forecast and prediction
AUD/USD Forecast: Low of 2016 at 0.7199 is strong resistance

Resistance: 0.7180 | 0.7295
Support:  0.6877

In the yearly chart we see AUD/USD close to strong resistance area around 0.7180 to 0.7295

Australian Dollar forecast: We expect to see weaker prices with target around 0.6000 level. Only a price advance above the high of 2019 would turn our negative outlook to neutral.

AUD/USD price forecast and longterm prediction for 2020

The forex currency pair AUD-USD is in a stable downtrend on the long term yearly chart. So we expect further longterm weakness.

On the quarterly chart we can also see a stable downtrend. So we expect further longterm weakness.

On the montly chart AUD/USD we have seen a price correction in the last four months. As long as the high of 2019 is not crossed to the upside we expect a weaker price of AUD/USD with downside potential to the 0.6000 level.

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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