AUD/USD may fall 12 - 22 pips

Pivot

0.6745

Our preference

Short positions below 0.6745 with targets at 0.6710 & 0.6700 in extension.

Alternative scenario

Above 0.6745 look for further upside with 0.6765 & 0.6785 as targets.

Comment

As long as the resistance at 0.6745 is not surpassed, the risk of the break below 0.6710 remains high.

Supports and resistances

0.6785

0.6765

0.6745

0.6722 Last

0.6710

0.6700

0.6685

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