AUD/USD may fall 20 - 35 pips

Pivot

0.6695

Our preference

Short positions below 0.6695 with targets at 0.6650 & 0.6635 in extension.

Alternative scenario

Above 0.6695 look for further upside with 0.6710 & 0.6725 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6725

0.6710

0.6695

0.6670 Last

0.6650

0.6635

0.6620

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