AUD/USD may fall 14 - 29 pips

Pivot

0.6750

Our preference

Short positions below 0.6750 with targets at 0.6725 & 0.6710 in extension.

Alternative scenario

Above 0.6750 look for further upside with 0.6765 & 0.6780 as targets.

Comment

As long as 0.6750 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6780

0.6765

0.6750

0.6739 Last

0.6725

0.6710

0.6695

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