AUD/USD may rise 36 - 56 pips

Pivot

0.6535

Our preference

Long positions above 0.6535 with targets at 0.6610 & 0.6630 in extension.

Alternative scenario

Below 0.6535 look for further downside with 0.6510 & 0.6490 as targets.

Comment

The break above the resistance at 0.6535 triggered an upward acceleration to 0.6610.

Supports and resistances

0.6645

0.6630

0.6610

0.6574 Last

0.6535

0.6510

0.6490

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