AUD/USD may fall 28 - 43 pips

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6620 & 0.6605 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6685 & 0.6700 as targets.

Comment

As long as the resistance at 0.6660 is not surpassed, the risk of the break below 0.6620 remains high.

Supports and resistances

0.6700

0.6685

0.6660

0.6648 Last

0.6620

0.6605

0.6590

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