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

Daily Price Outlook

- AUD/USD is trading at $0.65553, up 0.57%.

- RSI indicates moderately bullish sentiment at 56.

- Entry: Buy Limit at $0.65235, Take Profit at $0.66096, Stop Loss at $0.64865.

The AUD/USD pair is currently trading at $0.65553, reflecting a 0.57% increase on the day. On the 4-hour chart, the pivotal point to watch is $0.6511.

Immediate resistance levels are marked at $0.6576, $0.6610, and $0.6643, while support levels are positioned at $0.6475, $0.6436, and $0.6402. These levels are crucial in determining the pair's next move.

The Relative Strength Index (RSI) stands at 56, suggesting a moderately bullish sentiment. The 50-day Exponential Moving Average (EMA) is currently at $0.6523, indicating a slight upward trend.

If the price remains above the pivot point, it could signify continued bullish momentum. However, a fall below this level might shift the sentiment to bearish.

Given the current market conditions, a strategic entry at a buy limit order of $0.65235 is recommended, with a take profit target at $0.66096 and a stop loss at $0.64865.

AUD/USD - Trade Ideas

Entry Price – Buy Limit 0.65235

Take Profit – 0.66096

Stop Loss – 0.64865

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$861/ -$370

Profit & Loss Per Mini Lot = +$86/ -$37