AUD/USD Price Forecast: Eyes nine-day EMA support near 0.7200

AUD/USD may test the 0.7277, the highest since June 2022.
The 14-day Relative Strength Index of 60 indicates resilient bullish momentum without reaching overbought territory.
Initial support lies at the nine-day EMA at 0.7214.

Akhtar Faruqui FXStreet

AUD/USD loses ground after two days of gains, trading around 0.7240 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates that the pair is moving upwards within the ascending channel, suggesting an ongoing bullish bias.

The AUD/USD pair holds a constructive bullish bias as it stays above both the nine-period and 50-period Exponential Moving Averages (EMAs). This positioning suggests the broader uptrend remains supported.

The 14-day Relative Strength Index (RSI) is around 60 points to firm but not overextended upside momentum, keeping buyers in near-term control as long as the price defends these moving average floors.

The AUD/USD pair may test the 0.7277, the highest since June 2022, recorded on May 6. A successful break above this level would support the pair to target the upper boundary of the ascending channel around 0.7460.

On the downside, the AUD/USD pair may test the nine-day EMA at 0.7214, followed by the lower boundary of the ascending channel around 0.7200. Further declines would expose the 50-day EMA at 0.7096. A break below the medium-term average would cause the bearish emergence and put downward pressure on the AUD/USD pair to navigate the region around the three-month low of 0.6833, which was recorded on March 30.

(The technical analysis of this story was written with the help of an AI tool.)

Australian Dollar Price Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.16%	0.14%	0.17%	0.09%	0.20%	0.14%	0.16%
EUR	-0.16%		-0.03%	0.02%	-0.10%	0.05%	-0.04%	0.01%
GBP	-0.14%	0.03%		0.02%	-0.09%	0.05%	-0.02%	0.02%
JPY	-0.17%	-0.02%	-0.02%		-0.11%	0.00%	-0.05%	-0.03%
CAD	-0.09%	0.10%	0.09%	0.11%		0.12%	0.06%	0.08%
AUD	-0.20%	-0.05%	-0.05%	-0.00%	-0.12%		-0.06%	-0.04%
NZD	-0.14%	0.04%	0.02%	0.05%	-0.06%	0.06%		0.02%
CHF	-0.16%	-0.01%	-0.02%	0.03%	-0.08%	0.04%	-0.02%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

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.

GBP/USD looks inconclusive around 1.3500

GBP/USD faces renewed selling pressure, eroding the earlier advance and confronting the key 1.3500 level on Wednesday. The lack of follow through in Cable’s initial move higher comes in response to the resurgence of the demand for the Greenback amid steady geopolitical tensions.

EUR/USD comes under pressure near 1.1530

EUR/USD now trades with marginal losses, receding toward the 1.1530 region on Wednesday. The pair’s slight pullback comes amid the now better tone in the US Dollar, as investors seem to have fully digested the latest US inflation data. The fragile landscape in the Middle East, in the meantime, is also expected to keep limiting the downside potential of the buck for now.

Gold trims gains; focus is back to $4,400

Gold now gives away part of its earlier advance to the vicinity of the $4,450 mark per troy ounce and approaches the $4,400 hurdle on Wednesday. The yellow metal’s partial loss of momentum follows the US Dollar’s recovery attempt after the CPI-led pullback.

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

911 million shares freed: Why SpaceX rallied into its own supply

The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up. Roughly 911.5 million shares held by insiders and early backers became eligible to trade, around 43% more than the entire float sold at the listing.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.