AUD/USD may fall 20 - 40 pips

Pivot

0.6655

Our preference

Short positions below 0.6655 with targets at 0.6610 & 0.6590 in extension.

Alternative scenario

Above 0.6655 look for further upside with 0.6675 & 0.6690 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.6690

0.6675

0.6655

0.6630 Last

0.6610

0.6590

0.6575

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