AUD/USD may rise 23 - 34 pips

0.6586 is our pivot point.

Our preference

The upside prevails as long as 0.6586 is support.

Alternative scenario

The downside breakout of 0.6586 would call for 0.6567 and 0.6556.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6600 and 0.6593).

Supports and resistances

0.6666 **

0.6655 *

0.6644 **

0.6633

0.6610 last

0.6593

0.6586 **

0.6567 *

0.6556 **

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