AUD/USD may fall 25 - 40 pips

Pivot

0.6610

Our preference

Short positions below 0.6610 with targets at 0.6570 & 0.6555 in extension.

Alternative scenario

Above 0.6610 look for further upside with 0.6630 & 0.6645 as targets.

Comment

The break below 0.6610 is a negative signal that has opened a path to 0.6570.

Supports and resistances

0.6645

0.6630

0.6610

0.6595 Last

0.6570

0.6555

0.6540

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