Key Moments
- AUD/USD traded around 0.6700 during European hours on Wednesday after recovering prior-session losses.
- The 14-day RSI stood at 56.32, holding above 50 and signaling strengthening bullish momentum.
- The pair hovered near the nine-day EMA at 0.6698 while remaining above the rising 50-day EMA at 0.6636.
Technical Picture: Price Near Channel and Key Averages
AUD/USD was trading close to 0.6700 during the European session on Wednesday, retracing losses seen in the previous session. On the daily chart, the pair was situated just below an ascending channel, suggesting that the earlier bullish structure had softened but remained broadly intact.
The 14-day Relative Strength Index (RSI) was at 56.32, described as neutral but firming, indicating improving momentum. As long as the RSI stays above 50, the existing upward bias could persist. In addition, AUD/USD was trading above a rising 50-day Exponential Moving Average (EMA), while the nine-day EMA was also pointing higher, supporting a constructive short-term outlook.
Upside Prospects: Channel Rebound as a Bullish Signal
On the topside, a move back into the ascending channel would reinforce the bullish tone and could allow AUD/USD to aim for 0.6766, identified as its highest level since October 2024. A clear break above that region could open the way for further gains toward the upper boundary of the ascending channel, located near 0.6880.
Downside Risks: Support at EMAs and Multi-Month Low
Immediate support was seen at the nine-day EMA at 0.6698. A daily close below this short-term average would weaken the near-term tone and bring the 50-day EMA at 0.6636 into focus as the next support area. A deeper decline below that level would expose downside potential toward 0.6414, described as the lowest level since June 2025.
AUD Performance Against Major Currencies
The following table shows the intraday percentage change of the Australian Dollar (AUD) against major currencies, with AUD noted as the strongest versus the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | 0.00% | -0.06% | 0.05% | 0.04% | -0.17% | -0.10% | 0.04% |
| EUR | -0.00% | – | -0.06% | 0.02% | 0.04% | -0.17% | -0.10% | 0.04% |
| GBP | 0.06% | 0.06% | – | 0.11% | 0.10% | -0.10% | -0.05% | 0.10% |
| JPY | -0.05% | -0.02% | -0.11% | – | 0.00% | -0.20% | -0.14% | 0.01% |
| CAD | -0.04% | -0.04% | -0.10% | -0.01% | – | -0.21% | -0.14% | 0.00% |
| AUD | 0.17% | 0.17% | 0.10% | 0.20% | 0.21% | – | 0.07% | 0.21% |
| NZD | 0.10% | 0.10% | 0.05% | 0.14% | 0.14% | -0.07% | – | 0.14% |
| CHF | -0.04% | -0.04% | -0.10% | -0.01% | -0.01% | -0.21% | -0.14% | – |
The heat map is interpreted by selecting a base currency from the left-hand column and a quote currency from the top row. The percentage value in the intersecting cell indicates the change in the base currency against the quote currency. For instance, choosing AUD as the base in the left column and moving to the USD column at the top provides the percentage move for AUD (base)/USD (quote).
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