AUD/USD may rise to 0.6780 - 0.6870

Pivot

0.6465

Our preference

Long positions above 0.6465 with targets at 0.6780 & 0.6870 in extension.

Alternative scenario

Below 0.6465 look for further downside with 0.6360 & 0.6265 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6970 ***

0.6870 ***

0.6780 **

0.6617 Last

0.6465 ***

0.6360 ***

0.6265 ***

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