AUD/USD may fall 18 - 33 pips

Pivot

0.6605

Our preference

Short positions below 0.6605 with targets at 0.6560 & 0.6545 in extension.

Alternative scenario

Above 0.6605 look for further upside with 0.6620 & 0.6635 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6635

0.6620

0.6605

0.6578 Last

0.6560

0.6545

0.6530

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