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

Daily Price Outlook

- Rejection at Resistance: AUD/USD rejected again from $0.6391, reinforcing bearish structure.

- Momentum Weakens: RSI falls to 56, signaling reduced buying strength.

- Downside Targets: $0.6276 remains the key support level to watch for confirmation.

AUD/USD is slipping lower after another rejection from the $0.6391 resistance zone, which has repeatedly capped price action over recent weeks.

This area is forming a well-defined supply zone, with multiple failed breakout attempts reinforcing its technical relevance. The recent rejection aligns with the broader structure of a potential lower high, suggesting downside risk is building.

The pair is currently trading back below the highlighted resistance band, with the bearish move gaining traction. Immediate support is now seen at $0.6276 — a level that coincides with prior swing lows and the lower bound of the current consolidation. A breakdown below this point could expose $0.6193 as the next target.

The 50-period SMA, now at $0.6199, remains upward sloping but is yet to catch up with the latest price action, indicating a potential gap between short-term trend and momentum.

Meanwhile, the Relative Strength Index (RSI) has rolled over from a peak near 70 and is now sitting at 56, reflecting weakening bullish pressure without being oversold — a setup that often precedes deeper retracements.

As long as price remains below $0.6391, the short-term outlook favors a move lower. A clear break below $0.6300 would confirm bearish continuation and validate the $0.6276 target.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.63912

Take Profit – 0.62768

Stop Loss – 0.64440

Risk to Reward – 1: 2.1

Profit & Loss Per Standard Lot = +$1144/ -$528

Profit & Loss Per Mini Lot = +$114/ -$52