AUD/USD may rise 16 - 31 pips

Pivot

0.6650

Our preference

Long positions above 0.6650 with targets at 0.6690 & 0.6705 in extension.

Alternative scenario

Below 0.6650 look for further downside with 0.6630 & 0.6605 as targets.

Comment

The break above 0.6650 is a positive signal that has opened a path to 0.6690.

Supports and resistances

0.6740

0.6705

0.6690

0.6674 Last

0.6650

0.6630

0.6605

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