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

Daily Price Outlook

- Bearish Bias: Trading below $0.64289 with immediate support at $0.63729 and further downside likely.

- Resistance Levels: Key resistance at $0.64719, with additional barriers at $0.65030.

- Momentum Indicators: RSI at 39 reflects bearish momentum; 50 EMA at $0.64259 reinforces downward trend.

The AUD/USD pair is trading at $0.63942, down 0.70% in the latest session, pressured by a stronger U.S. Dollar and risk-off sentiment in global markets. The price remains below its pivot point of $0.64289, signaling continued bearish momentum.

The 50-day EMA at $0.64259 serves as a key resistance level, aligning closely with the pivot, further restricting any upward attempts. Meanwhile, the RSI at 39 reflects bearish momentum, but it has yet to reach oversold conditions, leaving room for further declines.

Immediate support is located at $0.63729, with stronger levels at $0.63435 and $0.63174 providing additional safety nets.

On the upside, immediate resistance lies at $0.64719, followed by higher hurdles at $0.65030, presenting challenges for any recovery attempts. The bearish sentiment is further reinforced by the descending trendline, which caps upward moves.

The current setup indicates a high probability of further downside pressure unless the price can reclaim the $0.64289 pivot. A break below $0.63729 could open the door to sharper declines, testing $0.63435 and beyond.

Conversely, a close above $0.64289 would challenge the bearish narrative and target $0.64719 as the next key level.

For traders, selling below $0.64040 with targets near $0.63717 remains a favorable strategy, while maintaining stops above $0.64300 to mitigate risk.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.64040

Take Profit – 0.63717

Stop Loss – 0.64300

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$323/ -$260

Profit & Loss Per Mini Lot = +$32/ -$26