AUD/USD may rise 30 - 43 pips

0.6625 is our pivot point.

Our preference

Rebound towards 0.6691.

Alternative scenario

Below 0.6625, expect 0.6603 and 0.6590.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.6643) but under its 50 period moving average (0.6664).

Supports and resistances

0.6718 **

0.6704 *

0.6691 **

0.6678

0.6648 last

0.6634

0.6625 **

0.6603 *

0.6590 **

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