AUD/USD may rise 25 - 45 pips

Pivot

0.6605

Our preference

Long positions above 0.6605 with targets at 0.6640 & 0.6660 in extension.

Alternative scenario

Below 0.6605 look for further downside with 0.6585 & 0.6575 as targets.

Comment

A support base at 0.6605 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6690

0.6660

0.6640

0.6615 Last

0.6605

0.6585

0.6575

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