AUD/USD may rise 11 - 26 pips

Pivot

0.6735

Our preference

Long positions above 0.6735 with targets at 0.6760 & 0.6775 in extension.

Alternative scenario

Below 0.6735 look for further downside with 0.6720 & 0.6705 as targets.

Comment

A support base at 0.6735 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6790

0.6775

0.6760

0.6749 Last

0.6735

0.6720

0.6705

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