AUD/USD may rise 22 - 42 pips

Pivot

0.6490

Our preference

Long positions above 0.6490 with targets at 0.6540 & 0.6560 in extension.

Alternative scenario

Below 0.6490 look for further downside with 0.6470 & 0.6450 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

0.6580

0.6560

0.6540

0.6518 Last

0.6490

0.6470

0.6450

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