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

A support base at 0.6585 has formed and has allowed for a temporary stabilisation.

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.