AUD/USD may rise 23 - 38 pips

Pivot

0.6575

Our preference

Long positions above 0.6575 with targets at 0.6620 & 0.6635 in extension.

Alternative scenario

Below 0.6575 look for further downside with 0.6560 & 0.6545 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

0.6650

0.6635

0.6620

0.6597 Last

0.6575

0.6560

0.6545

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