Australian Dollar Futures (6A) March 2025 Contract: Key Levels, Analysis and Price Prediction for the Australian Dollar Futures Market

Current price: 0.6245

Market overview and key dynamics of Australian dollar futures

The Australian dollar futures market, particularly the AUDUSD pair, is showing signs of a continued upside reversal. This strength in the Australian dollar is driven by bullish momentum, with the potential for a return to critical support levels, offering strategic long positions. Traders analyzing Australian dollar futures should pay close attention to the following areas in this price prediction:

Key support levels in Australian dollar futures

1. 0.62395 – Today’s high value developing area (VAH).

2. 0.62330 – Today’s development VWAP and VAH of the previous three days.

   • A very significant level due to confluence of support and intraday and historical data. This level is ideal for potential long entries, especially for traders looking to take advantage of the upside momentum in Australian dollar futures.

3. Options for stopping a placement:

   • Harder Stop: Near 0.62250, just below the December 30 closing VWAP. Suitable for short-term traders looking for less risk in their AUDUSD trades.

   • Wider stops: At 0.62195 or 0.62210 (current and yesterday’s VAH), providing more room for price fluctuation and adjusting the longer-term view.

Magnet Resistance Levels and Price for Australian Dollar Futures

1. 0.62600 – A strong price magnet for bulls in Australian dollar futures, attracting liquidity and likely triggering shorting above this level.

2. 0.62860 – Extended target, likely achievable with continued bullish momentum in the AUDUSD market.

3. 0.63160 – December 18th POC, a long-term bullish target that may not be reached today, but remains in play for the week.

Bearish scenario in Australian dollar futures

Australian dollar futures trading recommendations

1. Bullish setup:

   • Consider long positions nearby 0.62330 or 0.62395 with tight or moderate stops, depending on your risk appetite.

   • Aim for strong resistance to 0.62600with extensions for 0.62860 and 0.63160. These levels offer great potential in Australian dollar futures trading.

2. Bearish setup:

Final Thoughts on Australian Dollar Futures

The Australian dollar futures market presents clear levels of interest for both bulls and bears. While the bullish bias is currently dominant, a return to key support levels may offer attractive entry points into the AUDUSD. Use the listed price levels as guides and connectors to predict strong price reactions. This Australian dollar futures analysis highlights the importance of managing risk and conducting thorough research in your price prediction strategies. Whether trading AUDUSD short term or long term, these levels provide valuable insights for market participants. Visit ForexLive.com for additional reviews.