AUD/USD may rise 16 - 36 pips

Pivot

0.6600

Our preference

Long positions above 0.6600 with targets at 0.6640 & 0.6660 in extension.

Alternative scenario

Below 0.6600 look for further downside with 0.6585 & 0.6570 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

0.6680

0.6660

0.6640

0.6624 Last

0.6600

0.6585

0.6570

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