AUD/USD may rise 40 - 60 pips

Our pivot point is at 0.6659.

Our preference

As long as 0.6659 is support look for 0.6753.

Alternative scenario

The downside breakout of 0.6659 would call for 0.6626 and 0.6606.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6688 and 0.6679).

Supports and resistances

0.6792 **

0.6773 *

0.6753 **

0.6733

0.6693 last

0.6672

0.6659 **

0.6626 *

0.6606 **

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