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

Daily Price Outlook

- Resistance Levels: Immediate at $0.65918, followed by $0.66399.

- Support Levels: Key support at $0.64497, with additional levels at $0.64154 and $0.63763.

- Technical Indicators: RSI at 54 and 50 EMA at $0.64945 suggest balanced momentum with potential for further upside.

The AUD/USD is trading at $0.65119, up 0.10% in the 4-hour timeframe, as the pair shows signs of recovery from earlier lows.

The pivot point at $0.65456 serves as a key level to watch, with a bullish breakout above this potentially opening the door to immediate resistance at $0.65918.

Further upside targets include $0.66399, aligning with improving market sentiment for the Australian dollar amid recent positive economic data.

On the downside, immediate support is located at $0.64497, followed by $0.64154 and $0.63763, where buyers may step in if the pair experiences any pullbacks. The 50-day EMA at $0.64945 is acting as a critical support level, reinforcing the bullish outlook while keeping short-term risks contained.

The RSI at 54 reflects neutral momentum, indicating room for both upside or downside movements depending on broader market catalysts.

Traders should monitor any break above $0.65456 for confirmation of further gains, while a drop below $0.64896 could negate the current upward bias and bring the $0.64497 support level into play.

For a strategic approach, an entry above $0.64895 is recommended, with a stop loss at $0.64503 to minimize downside risks. Profit targets are set at $0.65463 and potentially higher levels if resistance is breached.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 0.64895

Take Profit – 0.65463

Stop Loss – 0.64503

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$568/ -$392

Profit & Loss Per Mini Lot = +$56/ -$39