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

Daily Price Outlook

- Support and Resistance: Immediate resistance is at $0.65575, while immediate support lies at $0.64497, with further downside targets at $0.64154.

- Trend Indicators: Price trades below the 50 EMA ($0.64931), reinforcing a bearish bias; RSI at 42 signals further downside potential.

- Trade Setup: Short positions below $0.64813 with a take-profit target of $0.64150 and a stop-loss at $0.65328.

The AUD/USD pair dipped slightly, trading at $0.64696, down 0.07% for the session. The price action has remained below the pivot point of $0.65259, signaling ongoing bearish momentum on the 4-hour chart.

The pair's proximity to the 50 EMA, which is currently at $0.64931, highlights a consolidation phase, though sellers maintain a slight edge.

Immediate resistance lies at $0.65575, with further levels at $0.65973. These levels represent potential barriers for any corrective upward moves. Conversely, immediate support is located at $0.64497, a breach of which could extend losses toward $0.64154 and $0.63763.

The RSI, currently at 42, underscores the bearish tone, indicating that selling pressure is outweighing buying interest but has yet to reach oversold territory.

The technical structure favors a short-term sell strategy, particularly if prices remain below $0.64813. A suggested trade setup involves entering short positions below this level, targeting a move toward $0.64150, while managing risk with a stop-loss at $0.65328.

This approach aligns with the pair’s downward trajectory and the broader bearish market sentiment.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.64811

Take Profit – 0.64150

Stop Loss – 0.65328

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$661/ -$517

Profit & Loss Per Mini Lot = +$66/ -$51