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

Daily Price Outlook

- AUD/USD trades within a tightening triangle pattern

- $0.62650 serves as key technical pivot and entry level

- Break above $0.63130 could trigger broader upside momentum

The Australian dollar is trading near $0.6299, showing signs of bullish momentum after rebounding from the $0.62650 support zone.

This level, which aligns with the ascending trendline and previous demand area, has proven to be a key pivot in recent sessions.

The 50-period SMA at $0.62868 is now being tested as near-term support after a strong upward move that briefly reached resistance at $0.63130.

Price action remains compressed within a broader symmetrical triangle pattern, with lower highs forming against a gradually rising support base.

A break above $0.63130 would signal renewed bullish control, potentially targeting the next resistance levels at $0.63406 and $0.63634.

On the downside, a sustained move below $0.62650 would expose deeper supports at $0.62333 and $0.62255. If breached, this could trigger a broader breakdown toward the base of the pattern near $0.61973.

The RSI at 55.39 shows mild bullish momentum, holding above its moving average. However, traders should watch for a confirmed close above $0.63130 before anticipating any significant upside extension.

Entry above $0.62650 remains valid while price holds trendline support. Targets lie near $0.63130 with a protective stop at $0.62333.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62650

Take Profit – 0.63130

Stop Loss – 0.62333

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$480/ -$317

Profit & Loss Per Mini Lot = +$48/ -$31