AUD/USD may rise to 0.6800 - 0.6870

Pivot

0.6565

Our preference

Long positions above 0.6565 with targets at 0.6800 & 0.6870 in extension.

Alternative scenario

Below 0.6565 look for further downside with 0.6465 & 0.6370 as targets.

Comment

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

Supports and resistances

0.7000 ***

0.6870 ***

0.6800 **

0.6686 Last

0.6565 ***

0.6465 ***

0.6370 ***

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