AUD/USD may rise 23 - 38 pips

Pivot

0.6515

Our preference

Long positions above 0.6515 with targets at 0.6550 & 0.6565 in extension.

Alternative scenario

Below 0.6515 look for further downside with 0.6495 & 0.6480 as targets.

Comment

A support base at 0.6515 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6585

0.6565

0.6550

0.6527 Last

0.6515

0.6495

0.6480

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