AUD/USD extends its losses for the third successive day, trading around 0.6760 during the European hours on Thursday.
AUD/USD may test the upper boundary of the ascending channel around the level of 0.6785. The 14-day RSI is positioned slightly below the 70 level, indicating potential overbought conditions and a forthcoming correction. The key support appears at the lower boundary of the ascending channel around 0.6675 level. The analysis of the daily chart shows that the AUD/USD pair consolidates within an ascending channel, indicating a bullish bias in the pair's price action.
On the downside, the AUD/USD pair may find support around the lower boundary of the ascending channel at the 0.6675 level, with additional support near the 50-day Exponential Moving Average at 0.6651. A break below this level could push the pair toward the throwback support around 0.6590. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today.
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