AUD/USD Price Analysis: Nine-day EMA acts as a barrier near 0.6450, US PMIs eyed

AUD/USD treads water ahead of the US PMI data release.
Nine-day EMA acts as the immediate resistance at 0.6446.
MACD suggests tepid momentum, reflecting bearish sentiment in the AUD/USD pair.

Akhtar Faruqui FXStreet

AUD/USD trades higher around 0.6430 at the time of writing during the European session, treading waters to continue the winning streak that began on Monday. Investors await the release of United States (US) PMI data later in the North American session, seeking more cues on the economic situation in the US.

The nine-day Exponential Moving Average (EMA) at 0.6446 acts as the immediate resistance, following the 23.6% Fibonacci retracement at 0.6489.

A breakout above that level could open the doors for the AUD/USD buyers to explore the region around the 21-day EMA at 0.6518, followed by the 38.2% Fibo at 0.6566.

On the downside, the 0.6400 psychological level appears to be the key support, following the region around the monthly low at 0.6364.

The Moving Average Convergence Divergence (MACD) line suggests a tepid momentum, reflecting the mixed sentiment of AUD/USD traders as it stays below the centerline but shows convergence below the signal line. The 14-day Relative Strength Index (RSI) remains below 50, which suggests a bearish bias in the pair.

AUD/USD: Daily Chart

AUD/USD: Additional important levels

Overview
Today last price	0.643
Today Daily Change	0.0007
Today Daily Change %	0.11
Today daily open	0.6423

Trends
Daily SMA20	0.6539
Daily SMA50	0.6662
Daily SMA100	0.6662
Daily SMA200	0.6731

Levels
Previous Daily High	0.6458
Previous Daily Low	0.6404
Previous Weekly High	0.6522
Previous Weekly Low	0.6364
Previous Monthly High	0.6895
Previous Monthly Low	0.6599
Daily Fibonacci 38.2%	0.6437
Daily Fibonacci 61.8%	0.6424
Daily Pivot Point S1	0.6398
Daily Pivot Point S2	0.6374
Daily Pivot Point S3	0.6344
Daily Pivot Point R1	0.6453
Daily Pivot Point R2	0.6482
Daily Pivot Point R3	0.6507

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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