AUD/USD may rise 19 - 34 pips

Pivot

0.6650

Our preference

Long positions above 0.6650 with targets at 0.6680 & 0.6695 in extension.

Alternative scenario

Below 0.6650 look for further downside with 0.6635 & 0.6625 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

0.6661 Last

0.6650

0.6635

0.6625

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