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 Price Chart - Source: Tradingview
AUD/USD Price Chart - Source: Tradingview

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

AUD/USD

JOIN LONGHORNFX TODAY

24/7 live support, lightning fast withdrawals, guaranteed safe and reliable trading platforms with a true ECN broker.

OPEN A NEW ACCOUNT