AUD/USD may rise 21 - 36 pips

Pivot

0.6745

Our preference

Long positions above 0.6745 with targets at 0.6785 & 0.6800 in extension.

Alternative scenario

Below 0.6745 look for further downside with 0.6730 & 0.6715 as targets.

Comment

A support base at 0.6745 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6815

0.6800

0.6785

0.6764 Last

0.6745

0.6730

0.6715

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