AUD/USD may rise 25 - 40 pips

Pivot

0.6635

Our preference

Long positions above 0.6635 with targets at 0.6670 & 0.6685 in extension.

Alternative scenario

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

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6705

0.6685

0.6670

0.6645 Last

0.6635

0.6610

0.6590

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