AUD/USD halts its three-day winning streak, trading around 0.6730 during the European hours on Tuesday.
AUD/USD price may advance further due to a short-term bullish trend. A 9-day EMA has crossed above the 50-day EMA, indicating that price momentum is outpacing the longer-term trend. The pair could explore the region around its seven-month high of 0.6798. The daily chart analysis indicates that the pair is moving upward within an ascending channel pattern, which suggests the strengthening of a bullish bias.
Next support appears at the 50-day EMA at 0.6624 level. A break below the 50-day EMA could weaken the bullish bias and exert downward pressure on the pair to test the throwback level at 0.6575. If the pair falls below this support level, it could drive it toward the next throwback level at 0.6470. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today.
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