AUD/USD may rise 16 - 36 pips

Pivot

0.6685

Our preference

Long positions above 0.6685 with targets at 0.6730 & 0.6750 in extension.

Alternative scenario

Below 0.6685 look for further downside with 0.6665 & 0.6650 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6770

0.6750

0.6730

0.6714 Last

0.6685

0.6665

0.6650

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