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

Daily Price Outlook

The AUD/USD pair faced a brief dip below the 0.6665 level but has since shown signs of recovery, prompting a positive start to the day and signaling a potential bullish bias in the upcoming sessions. The pair is expected to aim for the 0.6780 level in the short term.

The bullish trend is supported by the positive stance of the stochastic indicator. However, it is crucial to monitor the 0.6665 level, as a break below it and sustained trading below this point could halt the anticipated rise and lead to further losses.

For today's trading, the projected range is expected to be between the support level at 0.6630 and the resistance level at 0.6750.

Overall, the outlook suggests a bullish trend for today's session, but cautious observation of key levels is essential in navigating potential market movements.

 AUD/USD - Trade Idea

Entry Price – Buy Limit 0.66563

Take Profit – 0.67218

Stop Loss – 0.66145

Risk to Reward – 1: 1.57

Profit & Loss Per Standard Lot = +$655/ -$418

Profit & Loss Per Micro Lot = +$65/ -$41