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

The RSI lacks downward momentum.

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.