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

Daily Price Outlook

- AUD/USD holds above the pivot at $0.63343, with the 50-day EMA providing dynamic support.

- Immediate resistance at $0.63744; a breakout could push prices toward $0.64324.

- A drop below $0.63067 may accelerate losses toward $0.62703 and $0.62331.

The Australian dollar (AUD/USD) is trading at $0.63550, maintaining a neutral stance as traders assess key support and resistance levels. The pair is holding above the pivot point at $0.63343, suggesting a slight bullish bias, reinforced by the 50-day EMA at $0.63214 acting as a dynamic support level.

Immediate resistance is seen at $0.63744, followed by $0.64057 and $0.64324. A breakout above these levels could trigger fresh buying momentum, pushing the pair toward the next key technical zones.

On the downside, immediate support is located at $0.63067, with further cushions at $0.62703 and $0.62331. A break below these support levels could indicate a shift in sentiment, leading to deeper losses.

From a technical perspective, AUD/USD remains in a consolidative phase, oscillating between well-defined support and resistance levels.

A decisive move above $0.63744 could confirm a bullish breakout, potentially attracting buyers targeting $0.64057 and beyond. Conversely, if sellers regain control and push the price below $0.63067, the pair may enter a more pronounced downtrend.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.63345

Take Profit – 0.63865

Stop Loss – 0.63067

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$520/ -$278

Profit & Loss Per Mini Lot = +$52/ -$27