AUD/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish Outlook: Trading below the pivot point $0.65456 reinforces downside risks.
- Support Levels: Immediate support at $0.64497, with deeper targets at $0.64154.
- Trend Resistance: The 50-day EMA at $0.65068 caps recovery attempts.
The AUD/USD pair is trading at $0.64901, down 0.20%, as bearish sentiment persists below the pivot point at $0.65456. Price action remains constrained under the 50-day EMA, currently at $0.65068, which reinforces the downside bias.
Immediate support is located at $0.64497, with further levels seen at $0.64154 and $0.63763, suggesting potential for further declines if selling pressure intensifies.
On the upside, resistance lies at $0.65918 and $0.66399, which align with key technical levels that could limit recovery attempts. The RSI at 45 reflects neutral-to-bearish momentum, signaling that sellers remain in control, but the pair is not yet oversold.
The bearish trend appears intact, with traders eyeing a possible break below $0.65014. A sustained move below this level could open the door toward the next target of $0.64488, while the 50-day EMA continues to act as a dynamic resistance level.
Conversely, a recovery above the pivot at $0.65456 would be required to negate the bearish outlook and aim for the higher resistance at $0.65918.
AUD/USD - Trade Ideas
Entry Price – Sell Below 0.65052
Take Profit – 0.64488
Stop Loss – 0.65504
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$564/ -$452
Profit & Loss Per Mini Lot = +$56/ -$45
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