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fxAug 19, 2026, 6:54 AM

AUD/USD Forecast: Rising 20-Day EMA Backs Near-Term Bullish Bias

AUD/USD traded lower around 0.7070 on Wednesday, but a rising 20-day EMA keeps the near-term outlook tilted bullish.

AUDUSD

AUD/USD was changing hands near 0.7070 during European trading on Wednesday, down about 0.17% on the day. The Australian dollar was underperforming its major currency peers in the session.

Despite the intraday dip, the technical outlook still carries a bullish tilt. A rising 20-day exponential moving average is cited as nearby support for the pair, keeping the near-term bias constructive.

Source: FXStreet Forex News