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

Daily Price Outlook

- Resistance Levels: Immediate resistance at $0.63058; further targets at $0.63393 and $0.63835.

- Support Zones: Immediate support at $0.61979; additional levels at $0.61616 and $0.61208.

- Momentum Indicators: RSI at 61 reflects moderate bullish momentum; price remains above the 50 EMA, signaling strength.

AUD/USD is trading at $0.62702, gaining 0.41% in the past 24 hours, as the pair builds momentum above the pivot point at $0.62433.

On the 4-hour chart, the price action reflects bullish sentiment, with the Relative Strength Index (RSI) at 61, indicating moderate strength.

The 50-day Exponential Moving Average (EMA) at $0.62250 provides a solid support base, aligning with the pivot point to sustain the upward trajectory.

Immediate resistance lies at $0.63058, and a break above this level could open the door for further gains toward $0.63393 and $0.63835. These targets align with key Fibonacci retracement levels, enhancing the bullish outlook.

On the downside, immediate support is seen at $0.61979, followed by $0.61616 and $0.61208. A breach below $0.61979 could expose the pair to additional downside risks, challenging the current bullish momentum.

The technical structure indicates a favorable setup for buyers, with the pair holding above the 50 EMA and pivot point.

A sustained move above $0.63058 would confirm the bullish trend, while a failure to maintain this level could trigger consolidation or a pullback.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62429

Take Profit – 0.63063

Stop Loss – 0.62053

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$634/ -$376

Profit & Loss Per Mini Lot = +$63/ -$37