AUD/USD may rise 16 - 31 pips

Pivot

0.6715

Our preference

Long positions above 0.6715 with targets at 0.6745 & 0.6760 in extension.

Alternative scenario

Below 0.6715 look for further downside with 0.6700 & 0.6685 as targets.

Comment

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

Supports and resistances

0.6775

0.6760

0.6745

0.6729 Last

0.6715

0.6700

0.6685

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