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