AUD/USD may rise 22 - 42 pips

Pivot

0.6660

Our preference

Long positions above 0.6660 with targets at 0.6710 & 0.6730 in extension.

Alternative scenario

Below 0.6660 look for further downside with 0.6640 & 0.6620 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

0.6750

0.6730

0.6710

0.6688 Last

0.6660

0.6640

0.6620

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