AUD/USD may rise 26 - 41 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 lacks downward momentum.

Supports and resistances

0.6790

0.6775

0.6760

0.6734 Last

0.6720

0.6705

0.6690

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