AUD/USD may rise 14 - 34 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

A support base at 0.6630 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6700

0.6685

0.6665

0.6651 Last

0.6630

0.6615

0.6600

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