AUD/USD may fall 25 - 40 pips

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6615 & 0.6600 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6675 & 0.6700 as targets.

Comment

The break below 0.6660 is a negative signal that has opened a path to 0.6615.

Supports and resistances

0.6700

0.6675

0.6660

0.6640 Last

0.6615

0.6600

0.6585

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