AUD/USD may rise 26 - 41 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

A support base at 0.6575 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6650

0.6635

0.6620

0.6594 Last

0.6575

0.6560

0.6545

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