AUD/USD may rise 16 - 31 pips

Pivot

0.6590

Our preference

Long positions above 0.6590 with targets at 0.6630 & 0.6645 in extension.

Alternative scenario

Below 0.6590 look for further downside with 0.6575 & 0.6560 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

0.6660

0.6645

0.6630

0.6614 Last

0.6590

0.6575

0.6560

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