AUD/USD may rise 53 - 73 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 0.6535 is a positive signal that has opened a path to 0.6610.

Supports and resistances

0.6645

0.6630

0.6610

0.6557 Last

0.6535

0.6510

0.6490

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