AUD/USD may rise 21 - 36 pips

Pivot

0.6750

Our preference

Long positions above 0.6750 with targets at 0.6780 & 0.6795 in extension.

Alternative scenario

Below 0.6750 look for further downside with 0.6735 & 0.6720 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6810

0.6795

0.6780

0.6759 Last

0.6750

0.6735

0.6720

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