AUD/USD may rise 25 - 45 pips

Pivot

0.6665

Our preference

Long positions above 0.6665 with targets at 0.6705 & 0.6725 in extension.

Alternative scenario

Below 0.6665 look for further downside with 0.6655 & 0.6645 as targets.

Comment

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

Supports and resistances

0.6745

0.6725

0.6705

0.6680 Last

0.6665

0.6655

0.6645

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