Daily Price Outlook

- Trendline Holding: Price defends rising trendline; buyers may be stepping in at 0.6349.

- Neutral RSI: At 42.45, there's room for a bounce but no strong signal yet.

- Key Resistance: 50-SMA and 0.6395 remain critical for further upside.

AUD/USD is showing signs of stabilizing after defending the ascending trendline support near 0.6349. The price has bounced off this level multiple times and is attempting to hold above it once again, forming a potential higher low. The bullish setup remains valid if the pair sustains above 0.6349.

The 50-period SMA at 0.6393 still acts as immediate dynamic resistance. A break above this level would clear the way toward the 0.6435 resistance. On the downside, any sustained move below 0.6321 would invalidate the bullish outlook and suggest a deeper correction.

The RSI sits at 42.45 — slightly bearish but curling upward, hinting at early recovery momentum. A close above 0.6395 would confirm short-term bullish strength, while failure to reclaim the 50-SMA could lead to range-bound trading.

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

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.63491

Take Profit – 0.63945

Stop Loss – 0.63215

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$454/ -$276

Profit & Loss Per Mini Lot = +$45/ -$27

AUD/USD

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