AUD/USD Analysis

AUD/USD remains below the 50-day and 200-day EMAs, confirming the bearish signal in price.

A breakout of the 50-day EMA will allow the bulls to move towards the resistance level at $0.63854 and the 200-day EMA.

A fall of the AUD/USD pair below the $0.63 level will support a move towards the support level and trendline at $0.62749. Buying pressure may intensify at the resistance level. Trend lines coincide with resistance levels.

The 14-period 4-hour RSI of 52.42 suggests that AUD/USD is moving towards the $0.63854 resistance before entering overbought territory.

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