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

Daily Price Outlook

• The AUD/USD pair has rebounded, surpassing the 0.6665 level and closing above it, indicating potential for an intraday bullish wave.
• The presence above the EMA50 supports the anticipated bullish trend, with a target at 0.6780. Breaking above 0.6705 would further facilitate reaching this target.
• The bullish trend remains valid as long as the pair holds above 0.6665. The projected trading range for today is between the support level at 0.6640 and the resistance level at 0.6750.

The AUD/USD pair has made a rebound, surpassing the 0.6665 level and closing above it, indicating the potential for a bullish wave on an intraday basis. Our analysis suggests a possible move towards the next significant level at 0.6780.

The presence above the EMA50 provides support for the anticipated bullish trend, and breaking above 0.6705 would facilitate the achievement of our target. However, the bullish trend remains valid as long as the pair does not break below 0.6665 and sustain below it.

For today's trading, the projected range is expected to be between the support level at 0.6640 and the resistance level at 0.6750.

Overall, the outlook for today indicates a bullish trend in the AUD/USD pair.

AUD/USD Price Chart – Source: Tradingview

AUD/USD - Trade Idea

Entry Price – Buy Stop 0.67050

Take Profit – 0.67472

Stop Loss – 0.66673

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$422/ -$377

Profit & Loss Per Micro Lot = +$42/ -$37