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

Daily Price Outlook

- AUD/USD remains bearish below $0.63844, with sellers controlling short-term price action.

- Immediate support at $0.63573—a break below could push the pair toward $0.63402 and $0.63266.

- Upside remains limited unless $0.64000 is breached, with resistance levels capping further gains.

The AUD/USD pair is trading at $0.63698, showing slight downward movement as it struggles to maintain bullish momentum.

The price remains below the pivot point at $0.63844, indicating that sellers still have control in the short term. With the 50-day EMA at $0.63137, the broader trend suggests a cautious outlook, with potential for further downside if key support levels fail to hold.

Immediate resistance stands at $0.64000, with additional hurdles at $0.64121 and $0.64260. A breakout above these levels could signal renewed buying interest, pushing the pair toward a short-term recovery. However, without a fundamental catalyst, upside movement appears limited.

On the downside, immediate support at $0.63573 remains critical. A break below this level could lead to a test of $0.63402, followed by $0.63266, reinforcing the bearish sentiment.

A break below $0.6384 could accelerate downside momentum, making $0.63540 a viable target for short sellers. Conversely, a move above $0.64000 may shift sentiment toward a temporary bullish correction.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.63842

Take Profit – 0.63540

Stop Loss – 0.63998

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$302/ -$156

Profit & Loss Per Mini Lot = +$30/ -$15