AUD/USD may rise 20 - 30 pips

Pivot

0.6665

Our preference

Long positions above 0.6665 with targets at 0.6700 & 0.6710 in extension.

Alternative scenario

Below 0.6665 look for further downside with 0.6650 & 0.6630 as targets.

Comment

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

Supports and resistances

0.6725

0.6710

0.6700

0.6680 Last

0.6665

0.6650

0.6630

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