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fxJun 5, 2026, 6:15 AM

AUD/USD Falls to Near 0.7100 After Slipping Below 50-Day EMA

The AUD/USD pair depreciated, trading around 0.7120 in Asian hours, after slipping below the 50-day EMA, with technical analysis showing consolidation within a rectangle pattern.

AUDUSD

The Australian dollar weakened against the US dollar, with the AUD/USD pair falling to near 0.7100 after slipping below the 50-day exponential moving average (EMA). During Asian trading on Friday, the pair was around 0.7120, erasing minor gains from the previous day.

Technical analysis on the daily chart indicates that the pair is consolidating sideways within a rectangle pattern, as neither bulls nor bears have taken clear control.

Source: FXStreet Forex News