Source: PaxForex Premium Analytics Portal, Technical Insight

AUD/USD sticks to modest gains, the upside seems limited amid geopolitical risks and bullish USD.

AUD/USD,D1

Pivot: 0.6486

Analysis:

Provided that the currency pair is above 0.6400, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.6486
• Take Profit 1: 0.6600
• Take Profit 2: 0.6700

Alternative scenario: 

In case level 0.6400 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6400
• Take Profit 1: 0.6300
• Take Profit 2: 0.6200

Comment:

RSI shows the possibility of an uptrend during the day.

Key levels: