AUD/USD may rise 28 - 41 pips

Our pivot point stands at 0.6588.

Our preference

Our next up target stands at 0.6648.

Alternative scenario

The downside breakout of 0.6588 would call for 0.6566 and 0.6552.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6600 and 0.6605).

Supports and resistances

0.6675 **

0.6662 *

0.6648 **

0.6635

0.6607 last

0.6597

0.6588 **

0.6566 *

0.6552 **

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