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

Daily Price Outlook

- Aussie rebounds above 0.6159 with bullish momentum.

- Resistance at 0.6213 may stall price near-term.

- RSI suggests temporary overextension before trend confirmation.

AUD/USD is trading around 0.6184 after a strong recovery from last week's low of 0.5930. The pair has climbed back above the 50% Fibonacci retracement level at 0.6159 and is now testing resistance near 0.6213.

A clean break above this level could accelerate gains toward 0.6237, aligning with the descending trendline from the recent high of 0.6388.

However, momentum appears stretched. The RSI stands at 67, just shy of overbought territory, hinting at possible consolidation.

On the downside, immediate support lies at 0.6160, followed by 0.6107 and the 50-period moving average at 0.6046. Until bulls confirm a close above 0.6213, upside moves may be limited.

AUD/USD has reclaimed key levels, but a decisive close above 0.6213 is needed to fuel further gains. Watch for RSI cooling or trendline breakout.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.61603

Take Profit – 0.62374

Stop Loss – 0.61071

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$771/ -$532

Profit & Loss Per Mini Lot = +$77/ -$53