AUD/USD may fall 12 - 27 pips

Pivot

0.6685

Our preference

Short positions below 0.6685 with targets at 0.6650 & 0.6635 in extension.

Alternative scenario

Above 0.6685 look for further upside with 0.6700 & 0.6710 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6710

0.6700

0.6685

0.6662 Last

0.6650

0.6635

0.6620

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