AUD/USD may rise 16 - 36 pips

Pivot

0.6730

Our preference

Long positions above 0.6730 with targets at 0.6760 & 0.6780 in extension.

Alternative scenario

Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6800

0.6780

0.6760

0.6744 Last

0.6730

0.6715

0.6700

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