AUD/USD may fall 30 - 45 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

As long as 0.6610 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6645

0.6630

0.6610

0.6600 Last

0.6570

0.6555

0.6540

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