Daily Price Outlook

AUD/USD is under pressure below the pivot point of $0.62450, signaling potential downside risks.

The 50-day EMA at $0.61968 offers critical support for a possible rebound.

Resistance levels at $0.62898 and above may cap any bullish attempts in the short term.

The AUD/USD pair is currently trading at $0.62411, down 0.51%, as the Australian dollar struggles to hold ground amid a stronger U.S. dollar and mixed risk sentiment.

The pair is hovering just below its pivot point at $0.62450, which serves as a key level for short-term market direction.

A decisive move above this threshold could pave the way for a bullish reversal, targeting immediate resistance at $0.62898, with further upside potential at $0.63274 and $0.63591.

On the downside, immediate support is seen at $0.61964, with subsequent levels at $0.61647 and $0.61362, which could act as critical areas to watch in case of further selling pressure.

The 50-day EMA at $0.61968 is providing some underlying support, indicating that bulls may attempt to regain control if the price remains above this level.

From a technical perspective, the recent decline below the pivot point suggests a cautious outlook, with momentum indicators pointing to continued weakness.

A break below the immediate support at $0.61964 could reinforce the bearish trend, potentially driving the pair toward lower support zones.

Conversely, a sustained push above $0.62450 could shift sentiment, allowing buyers to challenge key resistance levels.

In conclusion, a buying opportunity exists above $0.62308, targeting a move toward $0.63006, while a stop-loss at $0.61869 helps mitigate downside risk in case of continued bearish momentum.

AUD/USD Price Chart - Source: Tradingview
AUD/USD Price Chart - Source: Tradingview

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62308

Take Profit – 0.63006

Stop Loss – 0.61869

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$698/ -$439

Profit & Loss Per Mini Lot = +$69/ -$43

AUD/USD

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