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

Daily Price Outlook

- AUD/USD remains bullish above $0.62860, with $0.63149 as the next key resistance.

- 50-day EMA at $0.62845 supports the uptrend, keeping buyers in control.

- Break above $0.63149 may push the pair toward $0.63357, while a drop below $0.62665 could signal renewed selling pressure.

The AUD/USD pair is trading at $0.62926, hovering above its pivot point of $0.62860. The pair is attempting to sustain its modest upside momentum, supported by the 50-day EMA at $0.62845, which reinforces near-term bullish sentiment.

On the upside, immediate resistance stands at $0.63149, with a breakout paving the way for a move towards $0.63357 and potentially $0.63568 if buyers maintain control. A sustained rally above these levels would indicate growing strength in the Australian dollar, driven by risk appetite and a softening U.S. dollar.

Conversely, immediate support is located at $0.62665, followed by $0.62438 and $0.62214. A decisive drop below these levels would expose AUD/USD to further losses, increasing the likelihood of a bearish reversal.

The preferred entry strategy is to buy above $0.62863, targeting $0.63253 as a take-profit level, while stop-loss is set at $0.62662 to manage downside risk.

Overall, the pair remains bullish above $0.62860, with a break above $0.63149 likely to confirm a stronger uptrend. However, traders should monitor price action closely, as a failure to hold above support levels could shift sentiment in favor of the bears.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62863

Take Profit – 0.63253

Stop Loss – 0.62662

Risk to Reward – 1:1.9

Profit & Loss Per Standard Lot = +$390/ -$201

Profit & Loss Per Mini Lot = +$39/ -$20