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

Daily Price Outlook

- Bearish Continuation: Below $0.6495 signals further downside.

- Key Support Zone: $0.6432 as a critical level for potential rebounds.

- Oversold RSI: May offer a short-term bounce but trend remains bearish.

The Australian Dollar (AUD/USD) has been in a steady downtrend, with the recent price hovering around $0.6475. The bearish momentum intensified after the pair broke below the key support level of $0.6548, which now acts as a resistance.

The next critical support zone lies at $0.6432, and a drop below this could open the door to further losses toward $0.6392 and potentially $0.6349. The Relative Strength Index (RSI) at 35 suggests that the pair is approaching oversold territory, which could hint at a possible rebound in the short term.

Technically, the 50-day Exponential Moving Average (EMA) at $0.6700 reinforces the bearish sentiment, as prices are significantly below this average, indicating continued downward pressure.

Traders looking for potential short positions might consider selling below $0.6495, with a target around $0.6432 and a stop-loss above $0.6548. The setup points to a high probability of bearish continuation unless the pair manages to reclaim support above the $0.6548 mark.

The AUD/USD pair remains bearish with potential for further downside if it stays below $0.6495. An oversold RSI may prompt a short-term bounce, but the overall trend favors sellers.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.64956

Take Profit – 0.64319

Stop Loss – 0.65485

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$637/ -$529

Profit & Loss Per Mini Lot = +$63/ -$52