AUD/USD may rise 18 - 33 pips

Pivot

0.6730

Our preference

Long positions above 0.6730 with targets at 0.6760 & 0.6775 in extension.

Alternative scenario

Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets.

Comment

A support base at 0.6730 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6795

0.6775

0.6760

0.6742 Last

0.6730

0.6715

0.6700

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