AUD/USD may rise 15 - 30 pips

Pivot

0.6710

Our preference

Long positions above 0.6710 with targets at 0.6745 & 0.6760 in extension.

Alternative scenario

Below 0.6710 look for further downside with 0.6695 & 0.6680 as targets.

Comment

The immediate trend remains up but the momentum is weak.

Supports and resistances

0.6780

0.6760

0.6745

0.6730 Last

0.6710

0.6695

0.6680

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