AUD/USD may fall 16 - 31 pips

Pivot

0.6755

Our preference

Short positions below 0.6755 with targets at 0.6725 & 0.6710 in extension.

Alternative scenario

Above 0.6755 look for further upside with 0.6770 & 0.6785 as targets.

Comment

As long as 0.6755 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6785

0.6770

0.6755

0.6741 Last

0.6725

0.6710

0.6690

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