AUD/USD may rise 24 - 44 pips

Pivot

0.6525

Our preference

Long positions above 0.6525 with targets at 0.6575 & 0.6595 in extension.

Alternative scenario

Below 0.6525 look for further downside with 0.6505 & 0.6490 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6615

0.6595

0.6575

0.6551 Last

0.6525

0.6505

0.6490

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