AUD/USD may rise 12 - 27 pips

Pivot

0.6525

Our preference

Long positions above 0.6525 with targets at 0.6555 & 0.6570 in extension.

Alternative scenario

Below 0.6525 look for further downside with 0.6510 & 0.6495 as targets.

Comment

A support base at 0.6525 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6585

0.6570

0.6555

0.6543 Last

0.6525

0.6510

0.6495

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