AUD/USD may fall 25 - 37 pips

Our pivot point stands at 0.6778.

Our preference

The downside prevails as long as 0.6778 is resistance.

Alternative scenario

Above 0.6778, look for 0.6799 and 0.6811.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6772 and 0.6774).

Supports and resistances

0.6811 **

0.6799 *

0.6778 **

0.6770

0.6760 last

0.6735

0.6723 **

0.6711 *

0.6698 **

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