AUD/USD may rise 30 - 50 pips

Pivot

0.6635

Our preference

Long positions above 0.6635 with targets at 0.6685 & 0.6705 in extension.

Alternative scenario

Below 0.6635 look for further downside with 0.6610 & 0.6590 as targets.

Comment

A support base at 0.6635 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6720

0.6705

0.6685

0.6655 Last

0.6635

0.6610

0.6590

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