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

Daily Price Outlook

- Bearish Bias: RSI at 43 and resistance at $0.64712 signal limited upward momentum in the short term.

- Levels: Break below $0.64472 targets $0.64154 and $0.63763; upside capped near $0.65259.

- Trading Strategy: Sell below $0.64473, aiming for $0.63959, with a stop-loss at $0.64775 to manage potential reversals.

AUD/USD is trading at $0.64402, up 0.16% during the session, showing mild bullish momentum while hovering near the pivot point at $0.64472.

The pair is navigating a cautious market, with immediate resistance at $0.64927, followed by higher levels at $0.65259 and $0.65575.

On the downside, support lies at $0.64154, with additional levels at $0.63763 and $0.63475, marking critical areas to watch for potential bearish moves.

Technical indicators highlight a mixed outlook. The RSI at 43 reflects a lack of strong momentum, leaning slightly toward bearish sentiment.

The 50-day EMA at $0.64712 acts as a resistance barrier, keeping upward movements in check. A failure to break above this EMA may signal continued pressure on the pair.

Price action suggests traders should watch for a potential breakdown below the pivot point of $0.64472, which could expose AUD/USD to lower support levels around $0.64154.

The pair’s performance aligns with broader market themes, including Federal Reserve policy expectations and commodity price dynamics. Entry is recommended below $0.64473 for short positions, targeting $0.63959 with a stop-loss set at $0.64775 to mitigate risk.

On the flip side, a sustained move above $0.64927 could trigger bullish momentum, though current indicators favor a neutral-to-bearish trajectory.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.64473

Take Profit – 0.63959

Stop Loss – 0.64775

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$514/ -$302

Profit & Loss Per Mini Lot = +$51/ -$30