AUD/USD may rise 37 - 55 pips

Our pivot point stands at 0.6711.

Our preference

As long as 0.6711 is support look for 0.6790.

Alternative scenario

The downside breakout of 0.6711 would call for 0.6681 and 0.6663.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.6736) but above its 50 period moving average (0.6730).

Supports and resistances

0.6826 **

0.6808 *

0.6790 **

0.6772

0.6735 last

0.6723

0.6711 **

0.6681 *

0.6663 **

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