AUD/USD may rise 16 - 31 pips

Pivot

0.6610

Our preference

Long positions above 0.6610 with targets at 0.6645 & 0.6660 in extension.

Alternative scenario

Below 0.6610 look for further downside with 0.6590 & 0.6575 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6680

0.6660

0.6645

0.6629 Last

0.6610

0.6590

0.6575

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