AUD/USD may rise 11 - 26 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

A support base at 0.6750 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6810

0.6795

0.6780

0.6769 Last

0.6750

0.6735

0.6720

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