AUD/USD may rise 17 - 32 pips

Pivot

0.6710

Our preference

Long positions above 0.6710 with targets at 0.6740 & 0.6755 in extension.

Alternative scenario

Below 0.6710 look for further downside with 0.6690 & 0.6670 as targets.

Comment

A support base at 0.6710 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6770

0.6755

0.6740

0.6723 Last

0.6710

0.6690

0.6670

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