AUD/USD may rise 16 - 31 pips

Pivot

0.6720

Our preference

Long positions above 0.6720 with targets at 0.6760 & 0.6775 in extension.

Alternative scenario

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

Comment

The RSI calls for a new upleg.

Supports and resistances

0.6790

0.6775

0.6760

0.6744 Last

0.6720

0.6705

0.6690

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