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

Daily Price Outlook

- Resistance Levels: $0.64719, $0.65030, $0.65267.

- Support Levels: $0.63773, $0.63460, $0.63174.

- Technical Indicators: RSI at 63 suggests bullish momentum; 50 EMA at $0.63993 provides strong support.

The AUD/USD pair is trading at $0.64180, up 0.77%, reflecting a continuation of its bullish momentum on the 4-hour chart. The pair is supported by a strong pivot point at $0.64153, which serves as a critical level for further upside potential.

Immediate resistance is seen at $0.64719, followed by key levels at $0.65030 and $0.65267. A sustained move above these levels could open the door to further gains, targeting higher levels in the short term.

On the downside, immediate support lies at $0.63773, with additional support levels at $0.63460 and $0.63174 offering a safety net against pullbacks. The 50-day Exponential Moving Average (EMA) at $0.63993 is acting as a strong technical base, reinforcing the current uptrend.

The Relative Strength Index (RSI) stands at 63, indicating bullish momentum, though nearing overbought territory. This suggests potential for continued gains, albeit with caution as the pair approaches overextension.

Traders may consider entering long positions above $0.64156, with a target at $0.64576 and a stop loss at $0.63941 to manage downside risks.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.64156

Take Profit – 0.64576

Stop Loss – 0.63941

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$420/ -$215

Profit & Loss Per Mini Lot = +$42/ -$21