AUD/USD may rise 10 - 25 pips

Pivot

0.6735

Our preference

Long positions above 0.6735 with targets at 0.6760 & 0.6775 in extension.

Alternative scenario

Below 0.6735 look for further downside with 0.6720 & 0.6705 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6795

0.6775

0.6760

0.6750 Last

0.6735

0.6720

0.6705

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