AUD/USD may rise 23 - 38 pips

Pivot

0.6740

Our preference

Long positions above 0.6740 with targets at 0.6775 & 0.6790 in extension.

Alternative scenario

Below 0.6740 look for further downside with 0.6725 & 0.6710 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6805

0.6790

0.6775

0.6752 Last

0.6740

0.6725

0.6710

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