AUD/USD may rise 7 - 42 pips

Pivot

0.6700

Our preference

Long positions above 0.6700 with targets at 0.6745 & 0.6780 in extension.

Alternative scenario

Below 0.6700 look for further downside with 0.6685 & 0.6670 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

0.6795

0.6780

0.6745

0.6738 Last

0.6700

0.6685

0.6670

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