AUD/USD ST: continuation of the rebound.

Pivot: 0.5900

Our preference: long positions above 0.5900 with targets at 0.6540 & 0.6680 in extension.

Alternative scenario: below 0.5900 look for further downside with 0.5800 & 0.5500 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:

0.6930

0.6680

0.6540

0.6400 Last

0.5900

0.5800

0.5500