AUD/USD may rise 23 - 43 pips

Pivot

0.6585

Our preference

Long positions above 0.6585 with targets at 0.6620 & 0.6640 in extension.

Alternative scenario

Below 0.6585 look for further downside with 0.6570 & 0.6555 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6655

0.6640

0.6620

0.6597 Last

0.6585

0.6570

0.6555

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