AUD/USD may fall to 0.6400 - 0.6550

Pivot

0.6800

Our preference

Short positions below 0.6800 with targets at 0.6550 & 0.6400 in extension.

Alternative scenario

Above 0.6800 look for further upside with 0.6870 & 0.7000 as targets.

Comment

As long as 0.6800 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.7000 ***

0.6870 ***

0.6800 **

0.6599 Last

0.6550 ***

0.6400 ***

0.6360 ***

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