AUD/USD may rise 25 - 50 pips

Pivot

0.6565

Our preference

Long positions above 0.6565 with targets at 0.6615 & 0.6640 in extension.

Alternative scenario

Below 0.6565 look for further downside with 0.6540 & 0.6510 as targets.

Comment

The break above 0.6565 is a positive signal that has opened a path to 0.6615.

Supports and resistances

0.6660

0.6640

0.6615

0.6590 Last

0.6565

0.6540

0.6510

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