AUD/USD Price Forecast: Hovers around 0.6700, nine-day EMA

Source Fxstreet
  • AUD/USD rebounded toward the ascending channel.
  • The 14-day Relative Strength Index at 56.32 signals improving momentum.
  • The pair is hovering around the nine-day EMA of 0.6698.

The AUD/USD pair is recovering its recent losses registered in the previous session, trading around 0.6700 during the European hours on Wednesday. The daily chart’s technical analysis indicated a weakening bullish bias as the pair is positioned slightly below the ascending channel pattern.

The 14-day Relative Strength Index (RSI) at 56.32 is neutral and firming, confirming improving momentum. As long as RSI holds above 50, the pair could maintain the uptrend. Additionally, the AUD/USD pair holds above the rising 50-day Exponential Moving Average (EMA). The nine-day EMA is trending higher, keeping the near-term bias positive.

On the upside, a rebound within the ascending channel would improve the bullish bias and help the AUD/USD pair to target 0.6766, its highest level since October 2024. A decisive break could open a continuation higher toward the upper boundary of the ascending channel near 0.6880.

The immediate support lies at the nine-day Exponential Moving Average (EMA) of 0.6698. A close below the short-term average would undermine the tone and expose the mentioned support at the 50-day EMA at 0.6636. Further losses would open the downside toward 0.6414, the lowest since June 2025.

AUD/USD: Daily Chart

Australian Dollar Price Today

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

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.00% -0.06% 0.05% 0.04% -0.17% -0.10% 0.04%
EUR -0.00% -0.06% 0.02% 0.04% -0.17% -0.10% 0.04%
GBP 0.06% 0.06% 0.11% 0.10% -0.10% -0.05% 0.10%
JPY -0.05% -0.02% -0.11% 0.00% -0.20% -0.14% 0.01%
CAD -0.04% -0.04% -0.10% -0.01% -0.21% -0.14% 0.00%
AUD 0.17% 0.17% 0.10% 0.20% 0.21% 0.07% 0.21%
NZD 0.10% 0.10% 0.05% 0.14% 0.14% -0.07% 0.14%
CHF -0.04% -0.04% -0.10% -0.01% -0.01% -0.21% -0.14%

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).

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

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
U.S. Dollar Gains as Traders Anticipate Jobs Report and Supreme Court Tariff Ruling The U.S. dollar strengthened in early Asian trading, bolstered by expectations for the upcoming jobs report and pending Supreme Court decision on President Trump’s tariff powers. Analysts remain cautious about potential implications for future interest rates.
Author  Mitrade
Jan 09, Fri
The U.S. dollar strengthened in early Asian trading, bolstered by expectations for the upcoming jobs report and pending Supreme Court decision on President Trump’s tariff powers. Analysts remain cautious about potential implications for future interest rates.
placeholder
Gold Prices Soar to Record High Amid Disappointing U.S. Jobs Data and Geopolitical Tensions Gold prices surged to a record $4,601.17 per ounce as weaker-than-expected U.S. payroll data heightened expectations for Federal Reserve interest rate cuts. Ongoing geopolitical tensions in the Middle East and Venezuela further supported the metal's appeal as a safe haven.
Author  Mitrade
Jan 12, Mon
Gold prices surged to a record $4,601.17 per ounce as weaker-than-expected U.S. payroll data heightened expectations for Federal Reserve interest rate cuts. Ongoing geopolitical tensions in the Middle East and Venezuela further supported the metal's appeal as a safe haven.
placeholder
Gold, Silver Hit Records as Fed Independence Fears, Iran Unrest Fuel Haven RushGold and silver surged to all-time highs on Monday, propelled by mounting concerns over Federal Reserve independence after the U.S. Justice Department threatened a criminal indictment against the central bank, alongside escalating geopolitical tensions as protests in Iran intensified.
Author  Mitrade
Jan 12, Mon
Gold and silver surged to all-time highs on Monday, propelled by mounting concerns over Federal Reserve independence after the U.S. Justice Department threatened a criminal indictment against the central bank, alongside escalating geopolitical tensions as protests in Iran intensified.
placeholder
Jefferies Predicts Strong Growth in Chinese AI Stocks Amid Narrowing Valuation GapsJefferies analysts highlight the growth potential of Chinese artificial intelligence stocks, forecasting significant upside as valuations converge with U.S. peers. Increased capital spending and government support further enhance optimistic outlook through 2026.
Author  Mitrade
7 hours ago
Jefferies analysts highlight the growth potential of Chinese artificial intelligence stocks, forecasting significant upside as valuations converge with U.S. peers. Increased capital spending and government support further enhance optimistic outlook through 2026.
placeholder
Bitcoin Tops $95,000 Amid Two-Month High, but U.S. Demand Lags Behind Global RallyBitcoin prices climbed above $95,000 on Tuesday, reaching their highest level in two months. However, a key market indicator suggests U.S. investor participation in the rally has been noticeably weaker compared to overseas demand.
Author  Mitrade
2 hours ago
Bitcoin prices climbed above $95,000 on Tuesday, reaching their highest level in two months. However, a key market indicator suggests U.S. investor participation in the rally has been noticeably weaker compared to overseas demand.
Related Instrument
goTop
quote