AUD/USD may rise 28 - 58 pips

Pivot

0.6740

Our preference

Long positions above 0.6740 with targets at 0.6820 & 0.6850 in extension.

Alternative scenario

Below 0.6740 look for further downside with 0.6720 & 0.6700 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

0.6880

0.6850

0.6820

0.6792 Last

0.6740

0.6720

0.6700

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