AUD/USD may rise 23 - 38 pips

Pivot

0.6680

Our preference

Long positions above 0.6680 with targets at 0.6725 & 0.6740 in extension.

Alternative scenario

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

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6760

0.6740

0.6725

0.6702 Last

0.6680

0.6665

0.6650

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