AUD/USD may rise to 0.6840 - 0.6890

Pivot

0.6695

Our preference

Long positions above 0.6695 with targets at 0.6840 & 0.6890 in extension.

Alternative scenario

Below 0.6695 look for further downside with 0.6570 & 0.6360 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

0.7029 ***

0.6890 ***

0.6840 **

0.6794 Last

0.6695 ***

0.6570 ***

0.6360 ***

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