AUD/USD may rise 26 - 51 pips

Pivot

0.6560

Our preference

Long positions above 0.6560 with targets at 0.6615 & 0.6640 in extension.

Alternative scenario

Below 0.6560 look for further downside with 0.6540 & 0.6510 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.6660

0.6640

0.6615

0.6589 Last

0.6560

0.6540

0.6510

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