AUD/USD may fall 14 - 29 pips

Pivot

0.6650

Our preference

Short positions below 0.6650 with targets at 0.6620 & 0.6605 in extension.

Alternative scenario

Above 0.6650 look for further upside with 0.6660 & 0.6675 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6675

0.6660

0.6650

0.6634 Last

0.6620

0.6605

0.6590

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