AUD/USD may rise 35 - 55 pips

Pivot

0.6480

Our preference

Long positions above 0.6480 with targets at 0.6540 & 0.6560 in extension.

Alternative scenario

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

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

0.6580

0.6560

0.6540

0.6505 Last

0.6480

0.6460

0.6435

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