Daily Price Outlook

- AUD/USD shows modest gain, trading at 0.6736.

- Key resistance and support levels identified, with a bearish sentiment indicated by RSI and MACD.

- Short-term trend remains uncertain, hinging on reactions to technical indicators.

The Australian Dollar (AUD/USD) is experiencing a slight uptick in its value, currently trading at 0.6736, indicating a 0.1% increase. As it enters Thursday's session, the currency pair faces critical technical levels. The pivot point is established at $0.6683, with immediate resistance observed at $0.6731, followed by $0.6772 and $0.6820.

Conversely, support levels are at $0.6631 and $0.6582, with a further line at $0.6861. The Relative Strength Index (RSI) sits at 39, suggesting a bearish sentiment. The MACD value is narrowly below the signal line, indicating potential shifts in momentum.

The 50-Day EMA at $0.6745 will be a key level to watch, as it may dictate short-term price movements. Overall, while the AUD/USD shows a modest gain, its trend remains cautious, with a focus on these pivotal technical levels for future direction.

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

AUD/USD - Trade Ideas

Entry Price – Buy Limit 0.6715

Take Profit – 0.6774

Stop Loss – 0.6660

Risk to Reward – 1: 1

Profit & Loss Per Standard Lot = +$593/ -$550

Profit & Loss Per Mini Lot = +$59/ -$55



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