AUD/USD may rise 17 - 32 pips

Pivot

0.6645

Our preference

Long positions above 0.6645 with targets at 0.6680 & 0.6695 in extension.

Alternative scenario

Below 0.6645 look for further downside with 0.6630 & 0.6615 as targets.

Comment

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

Supports and resistances

0.6710

0.6695

0.6680

0.6663 Last

0.6645

0.6630

0.6615

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