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

Daily Price Outlook

- AUD/USD holds above $0.62945 EMA and pivot, signaling short-term bullish bias.

- Key resistance levels lie at $0.63304, $0.63587, and $0.63907.

- Support at $0.62580 and below may limit downside in case of reversal.

The Australian dollar is inching higher against the U.S. dollar, currently trading at $0.63157, as the pair holds above its key pivot point at $0.62948.

This level also aligns closely with the 50-period Exponential Moving Average (EMA) at $0.62945, reinforcing short-term technical support and signaling a modestly bullish tone.

Immediate resistance is seen at $0.63304. A sustained break above this threshold could set the stage for a rally toward $0.63587, followed by a key ceiling at $0.63907—levels that have capped upside moves in previous sessions.

However, buyers will need continued momentum to push through these levels, especially with broader risk sentiment in flux.

On the downside, immediate support sits at $0.62580. A drop below this could open a path to $0.62306 and $0.62060, where buying interest may re-emerge.

These levels should be watched closely in the event of a sentiment shift or stronger-than-expected U.S. economic data later this week.

Technically, the structure favors a long bias above $0.62947, with a short-term target of $0.63426 and a stop loss set at $0.62692 to manage risk.

The pair continues to consolidate within a modest upward channel, supported by the 50 EMA, suggesting underlying demand remains intact.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62947

Take Profit – 0.63426

Stop Loss – 0.62692

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$479/ -$255

Profit & Loss Per Mini Lot = +$47/ -$25