• AUD/USD could target the immediate resistance at the nine-day EMA of 0.6693.
• The 14-day Relative Strength Index, at 52.94, signals neutral conditions.
• A daily close below the short-term average could expose the 50-day EMA at 0.6638 as the next support.

The AUD/USD pair remains steady for the second successive session, trading around 0.6680 during the European hours on Thursday. The daily chart’s technical analysis indicated a weakening bullish bias as the pair remains positioned slightly below the ascending channel pattern.

The 14-day Relative Strength Index (RSI) at 52.94 (neutral) reflects fading momentum after recent gains. Additionally, the 50-day Exponential Moving Average (EMA) is trending higher and continues to underpin the AUD/USD pair, while the nine-day EMA has flattened and sits just above spot, capping immediate upside. The short-term average remains positioned above the rising 50-day EMA, keeping a bullish bias intact.

The immediate resistance lies at the nine-day EMA of 0.6693. A close above the short-term average would open room for an extension toward the ascending channel. A successful rebound within the channel would revive 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 0.6890.

The daily close below the short-term average would weaken the price momentum and put downward pressure on the AUD/USD pair to test the 50-day EMA at 0.6638. Further losses would open the downside toward 0.6414, the lowest since June 2025.

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