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

Daily Price Outlook

- Bullish structure supported by higher lows and rising trendline.

- RSI near 59 signals healthy momentum without overbought pressure.

- A breakout above $0.64350 may trigger a rally to $0.64501.

AUD/USD continues to consolidate within a well-defined horizontal channel, supported by an ascending trendline that’s held since April 24.

Price recently bounced off the $0.6400 handle and is now hovering above the key intraday pivot at $0.64151 — the proposed entry level. Buyers will need a firm break and close above $0.64350 to target the next resistance at $0.64501, followed by $0.64691.

On the downside, immediate support rests at $0.64020 (50 SMA), with $0.63955 and $0.63707 acting as deeper structural floors. Candlestick action near support shows a bullish rejection wick followed by a minor engulfing candle, signaling a shift in short-term momentum back to the upside.

The Relative Strength Index (RSI) is currently at 58.79, staying comfortably above midline without being overbought. No bearish divergence is present, suggesting momentum could favor a continuation move higher.

Price structure also shows higher lows since April 23, aligning with the ascending trendline — a classic early bull trend formation.

There’s a minor supply zone between $0.64300 and $0.64450, and price has tested it twice, forming short wicks to the upside — watch for a clean breakout here before scaling in aggressively. The 50 SMA at $0.64020 is now sloping upward, adding confluence to the bullish thesis.

If buyers hold above $0.64151, this structure suggests another attempt toward $0.64501 is likely — but patience is key as resistance remains sticky.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.64151

Take Profit – 0.64501

Stop Loss – 0.63955

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$350/ -$196

Profit & Loss Per Mini Lot = +$35/ -$19