AUD/USD Price Forecast: Hovers around 0.7250 near nine-day EMA support
AUD/USD inches lower after registering modest gains in the previous day, trading around 0.7250 during the Asian hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel, suggesting an ongoing bullish bias.
AUD/USD is likely to maintain its position around 0.7250 and may experience upward movement if it continues to respect the ascending channel. A break above this level could further strengthen the bullish bias.
AUD/USD inches lower after registering modest gains in the previous day, trading around 0.7250 during the Asian hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel, suggesting an ongoing bullish bias.
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