The pair remains supported by nine-day and 50-day EMAs, with RSI at 60 signaling near-term buyer control.
AUD/USD retreated slightly to 0.7240 in Asian trading Tuesday after two sessions of gains, maintaining a bullish bias within an ascending channel. The pair stays above both the nine-day and 50-day Exponential Moving Averages, reinforcing the broader uptrend.
Technical indicators show the 14-day Relative Strength Index at 60, suggesting firm but not overextended momentum. Resistance lies at 0.7277, the highest level since June 2022, with a breakout targeting the channel’s upper boundary near 0.7460. Support is seen at the nine-day EMA of 0.7214, followed by 0.7200.
A drop below the 50-day EMA at 0.7096 could shift sentiment bearish, exposing the March low of 0.6833.