AUD/USD may rise 18 - 38 pips

Pivot

0.6725

Our preference

Long positions above 0.6725 with targets at 0.6755 & 0.6775 in extension.

Alternative scenario

Below 0.6725 look for further downside with 0.6710 & 0.6690 as targets.

Comment

The break above 0.6725 is a positive signal that has opened a path to 0.6755.

Supports and resistances

0.6795

0.6775

0.6755

0.6737 Last

0.6725

0.6710

0.6690

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