AUD/USD may rise 34 - 54 pips

Pivot

0.6665

Our preference

Long positions above 0.6665 with targets at 0.6725 & 0.6745 in extension.

Alternative scenario

Below 0.6665 look for further downside with 0.6645 & 0.6625 as targets.

Comment

A support base at 0.6665 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6760

0.6745

0.6725

0.6691 Last

0.6665

0.6645

0.6625

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