AUD/USD may rise 28 - 43 pips

Pivot

0.6635

Our preference

Long positions above 0.6635 with targets at 0.6690 & 0.6705 in extension.

Alternative scenario

Below 0.6635 look for further downside with 0.6605 & 0.6585 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

0.6740

0.6705

0.6690

0.6662 Last

0.6635

0.6605

0.6585

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