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

Daily Price Outlook

- Bearish Bias Below $0.62071: AUD/USD faces selling pressure unless it breaks above this pivot.

- Resistance Levels: Immediate resistance lies at $0.62615, with further hurdles at $0.62898 and $0.63274.

- Support Levels: Key support is at $0.61781, with deeper levels at $0.61488 and $0.61208 offering critical downside protection.

The AUD/USD pair is trading at $0.61918, up 0.26%, as the Australian Dollar shows slight recovery amid a stabilizing U.S. Dollar. The price remains below the pivot point at $0.62071, maintaining a bearish tone despite the recent uptick.

Immediate resistance is located at $0.62615, with higher levels at $0.62898 and $0.63274. On the downside, support stands at $0.61781, with deeper thresholds at $0.61488 and $0.61208.

The 50-day EMA at $0.62069 aligns closely with the pivot point, reinforcing its significance as a key decision level. A break above $0.62071 may shift sentiment toward bullishness, potentially targeting the immediate resistance zone.

Conversely, failure to hold above this pivot point could trigger renewed selling pressure, targeting the $0.61480 region.

The Relative Strength Index (RSI) suggests neutral momentum, indicating that the market could go either way depending on the break of key levels.

While the near-term outlook leans bearish, a decisive break above $0.62071 would challenge the prevailing sentiment.

Traders should monitor U.S. economic data and commodity trends, as these remain critical drivers for the Australian Dollar’s trajectory.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62071

Take Profit – 0.61480

Stop Loss – 0.62409

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$591/ -$338

Profit & Loss Per Mini Lot = +$59/ -$33