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

Daily Price Outlook

- Critical Pivot: AUD/USD remains bearish below $0.65014; a break above $0.65456 is required for a bullish reversal.

- Resistance Levels: Immediate resistance at $0.65918, with stronger barriers near $0.66399.

- Support Levels: Key support at $0.64497; a breach below $0.64154 could accelerate selling pressure.

AUD/USD is trading at $0.64824, down 0.21%, as bearish sentiment continues to dominate below the $0.65014 pivot point. The 4-hour chart indicates immediate resistance at $0.65918, with additional barriers at $0.66399.

The 50-day EMA at $0.64987 reinforces short-term resistance, limiting upward momentum. A breakout above $0.65456, the key pivot level, would be required to shift the bias toward bullish territory, potentially targeting $0.65918 and beyond.

On the downside, immediate support is found at $0.64497, with further declines targeting $0.64154 and $0.63763. The RSI at 48 suggests a neutral stance, leaning slightly bearish, with no immediate oversold signals. However, continued pressure below the pivot could drive the pair toward lower support zones.

Current trends suggest sellers remain in control, especially if the price sustains below $0.65052. Traders are advised to consider selling below this level, with a take-profit target at $0.64488 and a stop-loss at $0.65504 to manage risk.

The short-term outlook hinges on whether AUD/USD can break above the $0.65456 pivot.

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