AUD/USD may rise 25 - 40 pips

Pivot

0.6655

Our preference

Long positions above 0.6655 with targets at 0.6690 & 0.6705 in extension.

Alternative scenario

Below 0.6655 look for further downside with 0.6640 & 0.6625 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6720

0.6705

0.6690

0.6665 Last

0.6655

0.6640

0.6625

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