AUD/USD may rise 16 - 31 pips

Pivot

0.6775

Our preference

Long positions above 0.6775 with targets at 0.6810 & 0.6825 in extension.

Alternative scenario

Below 0.6775 look for further downside with 0.6760 & 0.6745 as targets.

Comment

A support base at 0.6775 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6840

0.6825

0.6810

0.6794 Last

0.6775

0.6760

0.6745

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