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

Daily Price Outlook

- AUD/USD trades just above pivot point at $0.62679, suggesting near-term support.

- A breakout above $0.63172 may trigger upside toward $0.63510 and $0.63907.

- Breakdown below $0.62679 could shift momentum toward $0.62342 and $0.61966.

The Australian Dollar (AUD/USD) is treading water around $0.62861 in Tuesday’s early European session, showing little change on the day.

Despite the neutral tone, price action is gradually aligning with a short-term bullish bias, underpinned by support above the pivot point at $0.62679.

The 4-hour chart reveals consolidation just beneath the 50-period EMA at $0.63170—a level that’s currently acting as a dynamic resistance ceiling.

A decisive move above $0.63172, the immediate resistance level, would confirm bullish control and could open the door toward the next upside targets at $0.63510 and $0.63907.

These levels coincide with recent supply zones, where sellers have historically emerged. Sustained momentum above the 50-EMA could also suggest that buyers are preparing for a broader recovery leg.

On the downside, immediate support is located at $0.62342, followed by $0.61966 and the deeper floor at $0.61599.

A break below $0.62679 would negate the bullish setup and increase the risk of a slide toward those lower supports.

The broader context remains mixed, with AUD/USD reacting to shifting U.S. rate expectations, commodity sentiment, and Asia-Pacific macro data.

For now, the technicals suggest cautious optimism, but confirmation above $0.63172 is needed before bulls can fully commit to higher targets.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62679

Take Profit – 0.63181

Stop Loss – 0.62424

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$502/ -$255

Profit & Loss Per Mini Lot = +$50/ -$25