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

Daily Price Outlook

- AUD/USD remains weak below $0.62494, with the 50-day EMA at $0.62496 acting as strong resistance.

- Immediate support at $0.61885—failure to hold could accelerate losses toward $0.61407.

- Buy positions above $0.61885 are favorable, with a take-profit target at $0.62499 and a stop-loss at $0.61529.

The Australian dollar is trading at $0.62062, slipping below its pivot point of $0.62494 as sellers maintain control. The short-term trend remains bearish, with the pair struggling to regain traction above key technical levels.

The 50-day EMA at $0.62496 is acting as immediate resistance, reinforcing the near-term downside risk. A failure to reclaim this level could extend losses toward the first support at $0.61885, with additional downside potential toward $0.61407 and $0.60880 if bearish momentum intensifies.

On the upside, a breakout above $0.62494 could trigger a move toward the first resistance at $0.63034, with further bullish targets at $0.63546 and $0.64064. However, sustained buying pressure is required to confirm a shift in momentum.

Given the recent weakness, traders may consider buying above $0.61885, targeting a move toward $0.62499, with a stop-loss set at $0.61529 to manage downside risk.

Market participants should monitor broader macroeconomic factors, including U.S. dollar strength and risk sentiment, which continue to influence AUD/USD.

Rising U.S. bond yields and Federal Reserve rate expectations may keep pressure on the pair, while any improvement in global risk appetite could provide support for the Australian dollar.

Technical traders should watch for increased volume near key support levels, as a bounce from $0.61885 could indicate renewed buying interest. However, a break below this level would expose AUD/USD to further downside, reinforcing the bearish outlook.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.61885

Take Profit – 0.62499

Stop Loss – 0.61529

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$614/ -$356

Profit & Loss Per Mini Lot = +$61/ -$35