AUD/USD may rise 29 - 49 pips

Pivot

0.6650

Our preference

Long positions above 0.6650 with targets at 0.6685 & 0.6705 in extension.

Alternative scenario

Below 0.6650 look for further downside with 0.6630 & 0.6615 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6720

0.6705

0.6685

0.6656 Last

0.6650

0.6630

0.6615

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