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

Daily Price Outlook

- AUD/USD trading at $0.67361; pivot point at $0.67207.

- Immediate resistance at $0.67515; support at $0.67221.

- RSI at 59.96, indicating neutral to slightly bullish conditions.

The AUD/USD is currently trading at $0.67361 on the 2-hour chart. The pivot point is positioned at $0.67207 (Green line). Immediate resistance is observed at $0.67515, with further resistance at $0.67670 and $0.67867.

On the downside, immediate support is located at $0.67221, followed by $0.67029 and $0.66821. The 50-day Exponential Moving Average (EMA) is positioned at $0.67207, acting as a significant level for potential upward or downward movements.

The Relative Strength Index (RSI) is currently at 59.96, indicating a neutral to slightly bullish market sentiment.

This level suggests a balanced market, with potential for upward movements if the RSI increases further. The 50-day EMA at $0.67207 aligns closely with the current price, providing a crucial pivot point for traders to watch.

For traders, a strategic entry point is recommended above $0.67221, with a take profit level set at $0.67670 and a stop loss at $0.67029. Maintaining prices above the pivot point of $0.67207 could indicate a bullish trend continuation, whereas a move below this level might suggest a bearish reversal.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.67221

Take Profit – 0.67670

Stop Loss – 0.67029

Risk to Reward – 1: 2.3

Profit & Loss Per Standard Lot = +$449/ -$19

Profit & Loss Per Mini Lot = +$44/ -$19