AUD/USD may rise 14 - 29 pips

Pivot

0.6720

Our preference

Long positions above 0.6720 with targets at 0.6755 & 0.6770 in extension.

Alternative scenario

Below 0.6720 look for further downside with 0.6705 & 0.6690 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

0.6785

0.6770

0.6755

0.6741 Last

0.6720

0.6705

0.6690

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