AUD/USD may rise 41 - 61 pips

Our pivot point stands at 0.6718.

Our preference

As long as 0.6718 is support look for 0.6812.

Alternative scenario

The downside breakout of 0.6718 would call for 0.6685 and 0.6665.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6742 and 0.6728). Finally, the AUD/USD is trading above its upper Bollinger band (standing at 0.6750).

Supports and resistances

0.6852 **

0.6832 *

0.6812 **

0.6792

0.6751 last

0.6732

0.6718 **

0.6685 *

0.6665 **

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