AUD/USD may fall 17 - 32 pips

Pivot

0.6710

Our preference

Short positions below 0.6710 with targets at 0.6675 & 0.6660 in extension.

Alternative scenario

Above 0.6710 look for further upside with 0.6725 & 0.6740 as targets.

Comment

As long as 0.6710 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6740

0.6725

0.6710

0.6692 Last

0.6675

0.6660

0.6635

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