AUD/USD may rise 20 - 40 pips

Pivot

0.6630

Our preference

Long positions above 0.6630 with targets at 0.6665 & 0.6685 in extension.

Alternative scenario

Below 0.6630 look for further downside with 0.6615 & 0.6600 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6700

0.6685

0.6665

0.6645 Last

0.6630

0.6615

0.6600

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