AUD/USD may rise to 0.6870 - 0.7030

Pivot

0.6570

Our preference

Long positions above 0.6570 with targets at 0.6870 & 0.7030 in extension.

Alternative scenario

Below 0.6570 look for further downside with 0.6470 & 0.6360 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

0.7160 ***

0.7030 ***

0.6870 **

0.6788 Last

0.6570 ***

0.6470 ***

0.6360 ***

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