AUD/USD may rise 8 - 23 pips Daily and weekly charts bullish

97
Pivot

0.6590

Our preference

Long positions above 0.6590 with targets at 0.6615 & 0.6630 in extension.

Alternative scenario

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

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.6645

0.6630

0.6615

0.6607 Last

0.6590

0.6575

0.6560

Number of asterisks represents the strength of support and resistance levels

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