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

Daily Price Outlook

- Critical Pivot Point: AUD/USD trades below $0.62071, signaling bearish momentum.

- Resistance Levels: Immediate resistance lies at $0.62455, followed by $0.62898 and $0.63274.

- EMA Alignment: The 50-day EMA at $0.62045 reinforces bearish sentiment below the pivot point.

The AUD/USD pair is trading at $0.62007, down 0.41% on the day, reflecting persistent bearish pressure in the market. The pair hovers just below the pivot point at $0.62071, a critical threshold for determining short-term sentiment.

Immediate resistance is seen at $0.62455, with higher targets at $0.62898 and $0.63274. On the downside, immediate support lies at $0.61781, followed by $0.61488 and deeper support at $0.61208.

The 50-day EMA at $0.62045 aligns closely with the pivot point, reinforcing the significance of the $0.62071 level. The downward trend is evident as the price remains below the 50 EMA, signaling that sellers dominate the market.

Short-term momentum indicates a potential move toward the $0.61488 support level if the pair fails to reclaim $0.62071.

Traders should monitor the $0.62071 pivot closely. A sustained break below this level would likely accelerate selling pressure, targeting $0.61781 initially, with an extended decline toward $0.61488.

Conversely, a move above $0.62455 could signal a reversal and test higher resistance levels, though the broader outlook remains bearish.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62081

Take Profit – 0.61480

Stop Loss – 0.62409

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$601/ -$328

Profit & Loss Per Mini Lot = +$60/ -$32