Australian Dollar Forecast | AUD/USD Prediction

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: September 26, 2020

In the daily chart we see that AUD/USD Forex pair could not pass the 2019 high, which is located at 0.7295. In the last days the Australian Dollar is under strong pressure currently trading close to the 0.7000 level (below the August low). AUD/USD is trading below the 20 days SMA (blue line) and 50 days SMA (green line).

Australian Dollar versus US-Dollar forecast
AUD/USD forecast: Defined downtrend with more downside potential (Chart: TradingView)

Resistance: 0.7076 | 0.7200 | 0.7295
Support: 0.7000 | 0.6877

Australian Dollar/US-Dollar forecast: The daily chart of AUD/USD looks negative. Next price target could be the July low at 0.6877. Only a price advance above the 2019 high could turn the negative chart into a positive perspective.

AUD/USD forecast: Weekly chart

Last update: September 26, 2020

In the weekly chart we see AUD/USD Forex pair had reached the 2019 high, and in the last week strong price correction took place. Australian Dollar dropped to the 20 weeks SMA (blue line) around the 0.7000 level.

Australian Dollar forecast weekly chart
AUD/USD prediction: Correction of the uptrende (Chart: TradingView)

Resistance: 0.7076 | 0.7200 | 0.7295
Support: 0.7000 | 0.6877

Australian Dollar forecast: In the weekly chart AUD/USD looks neutral to slightly negative. We expect to see more weakness ahead with a possible price target at the July low. Only a price advance above the 2019 high could turn the neutral weekl chart into a positive perspective again.

AUD/USD forecast: Monthly chart

Last update: September 26, 2020

In the monthly chart we see that the AUD/USD Forex pair was in a strong upward correction from the March low of 2020. Australian Dollar passed shortly 2909 high and retraced sharply below the August low..

Australian Dollar outlook monthly chart
AUD/USD outlook: strong resistance around the 2019 high (Chart: TradingView)

Resistance: 0.7243 | 0.7295
Support:  0.7064 | 0.7000 | 0.6877

Australian Dollar forecast: The monthly chart for AUD/USD looks neutral. After the extended rally from the March low to the September high AUD/USD is now correcting again. We expect more downside potential with target at the July low at 0.6877.

Australian Dollar prediction: Quarterly chart

Last update: August 15, 2020

In the quarterly chart of AUD/USD we see prices approaching the 2019 high at 0.7295..

Long term prediction of Australian Dollar
AUD/USD forecast: Correction in long term downtrend, approaching 2019 high (Chart: TradingView)

Resistance: 0.7160 | 0.7295
Support:  0.6877

Australian Dollar prediction: The long term downtrend of AUD/USD has been corrected since the currency pair has reached the march low. Next price target could be 2019 high. A drop below the July low could turn the long term outlook negative again.

AUD/USD forecast: Yearly chart

Last update: August 15, 2020

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

Australian Dollar yearly chart forecast and prediction
AUD/USD Outlook: Low of 2016 at 0.7199 is strong resistance (Chart: TradingView)

Resistance: 0.7199 | 0.7295
Support:  0.6877

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 or positive.

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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