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fxJun 26, 2026, 7:51 AM

AUD/USD Forecast: 20-Day EMA Points to More Losses

AUD/USD drops 0.25% to near 0.6890 as expectations of a rate cut by the RBA weigh on the Australian Dollar. The bearish 20-day EMA suggests further downside.

AUDUSD

AUD/USD traded 0.25% lower near 0.6890 during the European session on Friday, underperforming against major currencies. The decline reflects market expectations for a rate cut by the Reserve Bank of Australia (RBA).

Technically, the 20-day exponential moving average (EMA) is sloping downward, supporting a bearish outlook. The pair remains below this key moving average, indicating continued selling pressure. A breakdown below the current support could accelerate losses.

Source: FXStreet Forex News