AUD/USD may rise to 0.6780 - 0.6870

Pivot

0.6535

Our preference

Long positions above 0.6535 with targets at 0.6780 & 0.6870 in extension.

Alternative scenario

Below 0.6535 look for further downside with 0.6460 & 0.6360 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6970 ***

0.6870 ***

0.6780 **

0.6638 Last

0.6535 ***

0.6460 ***

0.6360 ***

Number of asterisks represents the strength of support and resistance levels.