AUD/USD may rise 31 - 56 pips

Pivot

0.6480

Our preference

Long positions above 0.6480 with targets at 0.6555 & 0.6580 in extension.

Alternative scenario

Below 0.6480 look for further downside with 0.6460 & 0.6435 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.6600

0.6580

0.6555

0.6524 Last

0.6480

0.6460

0.6435

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