AUD/USD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Resistance Levels: Immediate resistance at $0.62755; next at $0.63058 and $0.63393.

- Support Zones: Key support at $0.61845; further levels at $0.61496 and $0.61208.

- Technical Indicators: RSI at 46 signals neutrality; price below 50 EMA at $0.62185 supports bearish momentum.

The AUD/USD pair is trading at $0.62044, up 0.24% in the last session, showing a modest recovery from recent lows. The 4-hour chart positions the pivot point at $0.62433, serving as a key level for traders.

Immediate resistance is seen at $0.62755, followed by $0.63058 and $0.63393, highlighting potential upside targets. On the downside, key support levels are positioned at $0.61845, $0.61496, and $0.61208, providing safety nets against selling pressure.

The Relative Strength Index (RSI) at 46 suggests a neutral stance, signaling room for directional moves. The 50 EMA at $0.62185 reinforces a short-term bearish bias as the price remains below this level.

A sustained move below the $0.62203 entry point may trigger additional selling, with a potential target at $0.61693. Conversely, a break above $0.62433 could open the door to a recovery, targeting the $0.62755 resistance zone.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62203

Take Profit – 0.61693

Stop Loss – 0.62538

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$510/ -$335

Profit & Loss Per Mini Lot = +$51/ -$33