AUD/USD may rise 27 - 40 pips

0.6651 is our pivot point.

Our preference

The upside prevails as long as 0.6651 is support.

Alternative scenario

The downside breakout of 0.6651 would call for 0.6629 and 0.6616.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6663 and 0.6655).

Supports and resistances

0.6738 **

0.6725 *

0.6712 **

0.6699

0.6672 last

0.6659

0.6651 **

0.6629 *

0.6616 **

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