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

Daily Price Outlook

- AUD/USD rejected from descending trendline and 50-SMA near $0.6290

- RSI confirms bearish momentum under 50

- Breakdown below $0.6250 could target $0.6218 in the near term

The Australian Dollar remains under sustained selling pressure, with AUD/USD extending its downside drift below the 50-period simple moving average and clinging to the lower bounds of a descending trend channel.

After failing to sustain gains above the $0.6290 region, price broke below the key $0.6289 SMA and is now positioned precariously near short-term support at $0.6250. The inability to retake the upper trendline or the moving average reflects persistent bearish sentiment.

The recent rejection from the $0.6330 resistance—coupled with the channel breakdown—points to an increasing probability of continuation toward the next key horizontal support at $0.6217.

Momentum indicators reinforce the bearish outlook: the RSI is hovering at 41.30, below the midline and signaling weak upside momentum, while the price remains capped under a firm downtrend line that has held since March 19.

A confirmed breach below $0.6250 could accelerate losses toward the $0.6218 and $0.6188 support levels. Meanwhile, resistance continues to stack at $0.6291 and $0.6330, with any rebounds likely to be short-lived unless the pair closes decisively above the falling trendline and 50-SMA.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62911

Take Profit – 0.62176

Stop Loss – 0.63294

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$735/ -$383

Profit & Loss Per Mini Lot = +$73/ -$38