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

Daily Price Outlook

- AUD/USD remains bearish below $0.6332, with downside targets at $0.6298 and $0.6277.

- The 50-day EMA at $0.6347 is acting as a strong resistance level.

- A break above $0.6363 could signal a potential reversal, targeting $0.6390.

The Australian dollar (AUD/USD) is trading at $0.6317, up 0.03%, as it attempts to recover from recent declines. However, the pair remains below the key pivot level of $0.6332, suggesting that bearish pressure persists.

The 50-day Exponential Moving Average (EMA) at $0.6347 is acting as a dynamic resistance level, keeping the pair in a downward trajectory.

If AUD/USD fails to break above this level, it could face renewed selling pressure, with immediate support at $0.6298. A break below this level could open the door for further losses toward $0.6277 and $0.6258.

On the upside, resistance at $0.6363 remains a key hurdle for bulls. If AUD/USD manages to break above this level, further gains toward $0.6390 and $0.6415 could follow. However, with the broader trend favoring the U.S. dollar due to Federal Reserve policy expectations, any upside moves may be short-lived.

A break below $0.6332 is likely to reinforce a bearish trend, with a downside target at $0.6298. Traders should watch for a break above $0.6363 to confirm a potential shift in momentum.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.63320

Take Profit – 0.62979

Stop Loss – 0.63594

Risk to Reward – 1: 1.24

Profit & Loss Per Standard Lot = +$341/ -$274

Profit & Loss Per Mini Lot = +$34/ -$27