AUD/USD Forecast 2026, 2030, 2040: Price Trends & Market Predictions

This article features the AUD/USD forecast expectations for 2026, 2030 and 2040, given the recent pronouncements of the central banks governing both currencies. This is one of several currency pair forecasts that will be featured on this blog, with the USD/JPY also coming into focus as a result of the recent action of the Bank of Japan.

In other words, the start of 2026 is being driven by the actions of several central banks and these could dominate sentiment in Q1 and Q2 2026.

Live Chart

AUD/USD Forecast 2026

The dominant AUD/USD forecast 2026 numbers come from banks and institutional entities. There is a general consensus that in 2026, there will be a relatively resilient Aussie Dollar and a gradually weakened US Dollar. However, they also create some allowance for the impact of China and the commodity markets, as well as the degree of aggressiveness of any Fed rate cuts. This bias is in tune with the fundamentally divergent picture of the Reserve Bank of Australia and the US Federal Reserve in terms of monetary policy.

NAB’s October 2025 AUD/USD exchange rate forecast report for 2026 provides quarterly figures for the exchange rate, with a range of $0.69 (March 2026 level) to $0.72 (December 2026). MUFG favours a gradual increase, calling for a starting price of $0.67 in January 2026 and an end-2026 price fprecast of $0.69.

These AUD/USD forecasts represent a significant pip yield on the current levels, but do not rule out price touching off levels that exceed $0.75 before settling on the forecast prices.

AUD/USD Forecast 2030

Banks typically do not publish 2030 forecasts for currencies. They typically release forecasts that cover 1-2 years. The current AUD/USD forecasts are from retail-focused blogs. Traders Union has a statistical price projection of $0.6465 by the end of 2030. A Capital.com summary of Gov.Capital’s AUD vs USD forecast indicates an average exchange rate of $0.6600 by 2030, while WalletInvestor’s forecast today is $0.5200 by 2030.

The AUD/USD forecast drivers for 2030 are the interest rate differential between the US and Australia (RBA vs Fed pathways), Chinese commodity demand and GDP numbers, global risk-on/risk-off appetite, and Australia’s inflation/real wage dynamics (which determines the RBA’s monetary policy).

AUD/USD Forecast 2040

Due to the long-term nature of this outlook, there are virtually no AUD/USD forecasts in the public domain. However, these are likely to come up after 2030. However, the main drivers will continue to be interest rate differentials, commodity demand, growth sentiment from China, and global risk sentiment.

Short-Term Outlook: Next 6 Months

The AUD to USD next 6 months outlook covers the price forecasts by various institutional entities over the next 6 months. This is from January – June 2026. The latest forecasts as of December 31, 2025 are as follows.

Westpac Economics publishes a weekly update and the latest one released on December 22, 2025 indicates a price outlook of between $0.69 and $0.70 in the first half of 2026. Specifically, it expects the AUD/USD to attain the $0.69 mark by March 2026.

NAB Markets’ Global FX Strategist also expects the pair to hit $0.69 by March, but has a slightly higher June 2026 target of $0.71. MUFG’s monthly FX outlook which was released in December 2025 calls for a $0.68 price by the end of Q2, 2026, which is essentially its price call for the next 6 months.

The consensus takeaway is that the RBA vs Fed pathway have driven AUD/USD forecasts bullish and the banks have factored this into their price forecasts.

Technical Analysis: Bullish vs Bearish Scenarios

The long-term descending trendline that has capped price highs since July 2021 has been breached, setting the stage for the upside move. Price remains above the 200 EMA, giving it a bullish bias.

The AUD/USD remains supported at 0.6685, the recent low on 10 December 2025. The price is now firmly testing this 0.6685 support level following this weeks decline. If the bulls defend this support, the expectation is for the pair to bounce from here, targeting the next leg higher that has the 0.6796 resistance as the next upside target. Above this level, the 30 September 2024 high at 0.6930 forms the additional barrier to the north. This coincides with the March 2026 targets set by the banks.

On the flip side, a breakdown of the 0.6685 support (18 December 2025 low) raises the risk of a further decline towards 0.6596. If this is also broken, it could signal increased downside risk towards 0.6410, providing a further dip target for AUD longs.

FAQ