AUD/USD may rise 23 - 38 pips

Pivot

0.6720

Our preference

Long positions above 0.6720 with targets at 0.6755 & 0.6770 in extension.

Alternative scenario

Below 0.6720 look for further downside with 0.6700 & 0.6685 as targets.

Comment

The break above 0.6720 is a positive signal that has opened a path to 0.6755.

Supports and resistances

0.6785

0.6770

0.6755

0.6732 Last

0.6720

0.6700

0.6685

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