AUD/USD may rise 41 - 61 pips

Pivot

0.6700

Our preference

Long positions above 0.6700 with targets at 0.6755 & 0.6775 in extension.

Alternative scenario

Below 0.6700 look for further downside with 0.6680 & 0.6665 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6795

0.6775

0.6755

0.6714 Last

0.6700

0.6680

0.6665

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