AUD/USD may rise 30 - 45 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

A support base at 0.6720 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6785

0.6770

0.6755

0.6725 Last

0.6720

0.6700

0.6685

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