AUD/USD may rise 28 - 58 pips

Pivot

0.6525

Our preference

Long positions above 0.6525 with targets at 0.6580 & 0.6610 in extension.

Alternative scenario

Below 0.6525 look for further downside with 0.6500 & 0.6480 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

0.6630

0.6610

0.6580

0.6552 Last

0.6525

0.6500

0.6480

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