AUD/USD may rise 12 - 27 pips

Pivot

0.6695

Our preference

Long positions above 0.6695 with targets at 0.6725 & 0.6740 in extension.

Alternative scenario

Below 0.6695 look for further downside with 0.6680 & 0.6660 as targets.

Comment

A support base at 0.6695 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6760

0.6740

0.6725

0.6713 Last

0.6695

0.6680

0.6660

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