AUD/USD may rise 23 - 43 pips

Pivot

0.6655

Our preference

Long positions above 0.6655 with targets at 0.6690 & 0.6710 in extension.

Alternative scenario

Below 0.6655 look for further downside with 0.6640 & 0.6620 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6730

0.6710

0.6690

0.6667 Last

0.6655

0.6640

0.6620

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