AUD/USD may rise 13 - 28 pips

Pivot

0.6680

Our preference

Long positions above 0.6680 with targets at 0.6710 & 0.6725 in extension.

Alternative scenario

Below 0.6680 look for further downside with 0.6665 & 0.6650 as targets.

Comment

A support base at 0.6680 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6740

0.6725

0.6710

0.6697 Last

0.6680

0.6665

0.6650

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