AUD/USD may rise 13 - 33 pips

Pivot

0.6720

Our preference

Long positions above 0.6720 with targets at 0.6760 & 0.6780 in extension.

Alternative scenario

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

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6800

0.6780

0.6760

0.6747 Last

0.6720

0.6700

0.6685

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