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

Daily Price Outlook

- AUD/USD remains bearish, trading below the pivot at $0.63619 and the 50 EMA.

- RSI at 36 indicates bearish momentum with oversold signals nearing.

- Entry strategy: Sell Stop $0.63509, Take Profit $0.63171, Stop Loss $0.63800.

The Australian Dollar (AUD/USD) continues to face bearish pressure, trading at $0.63458, down 0.38% for the session. On the 4-hour chart, the pair has slipped below the pivot point at $0.63619, reinforcing near-term downward momentum.

Immediate resistance lies at $0.63823, closely aligned with the 50 EMA at $0.63719, which adds a dynamic ceiling for further recovery. Any sustained move above this level could target the next resistance at $0.64025 and extend gains toward $0.64287.

On the downside, immediate support is observed at $0.63367. A break below this level opens the door for sellers to test further support at $0.63156 and potentially extend declines toward $0.62957.

The Relative Strength Index (RSI) stands at 36, signaling a bearish trend with oversold conditions approaching.

Technical indicators suggest sellers remain firmly in control, with the price trading below both the pivot point and the 50 EMA, highlighting a sustained bearish outlook.

The pair’s inability to reclaim $0.63619 confirms strong selling pressure, with a potential for further downside if the current sentiment persists.

Conclusion: Traders may consider a Sell Stop entry at $0.63509, targeting a take-profit level of $0.63171, with a stop-loss placed at $0.63800 to manage risk.

AUD/USD - Trade Ideas

Entry Price – Sell Stop 0.63509

Take Profit – 0.63171

Stop Loss – 0.63800

Risk to Reward – 1: 1.16

Profit & Loss Per Standard Lot = +$338/ -$291

Profit & Loss Per Mini Lot = +$33/ -$29