The pair consolidates above its 50-day EMA but struggles to breach the nine-day EMA at 0.7164.
AUD/USD trades around 0.7160 in Asian hours, extending a two-day decline as momentum stalls near key moving averages. The pair remains within a rectangle pattern, reflecting indecision between buyers and sellers.
The 50-day Exponential Moving Average at 0.7120 acts as near-term support, while the nine-day EMA at 0.7164 serves as immediate resistance. The 14-day Relative Strength Index hovers near 50, signaling neutral bias until a clear breakout occurs.
A move above 0.7164 could propel the pair toward 0.7270, with a longer-term target at 0.7277. Conversely, a drop below 0.7120 may test 0.7070, risking further downside if selling pressure accelerates.