AUD/USD may fall to 0.5700 - 0.6150

Pivot

0.6150

Our preference

Long positions above 0.6150 with targets at 0.6900 & 0.7150 in extension.

Alternative scenario

Below 0.6150 look for further downside with 0.5700 & 0.5500 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

0.7550 **

0.7150 ***

0.6900 ***

0.6657 Last

0.6150 ***

0.5700 ***

0.5500 *

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