AUD/USD Price Forecast: Eyes nine-day EMA support near 0.7200
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.
AUD/USD may test the nine-day EMA support near 0.7200, with potential for a rebound if support holds. However, if it breaks below this level, further downside could be expected.
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.
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