AUD/USD may fall 30 - 50 pips

Pivot

0.6585

Our preference

Short positions below 0.6585 with targets at 0.6520 & 0.6500 in extension.

Alternative scenario

Above 0.6585 look for further upside with 0.6600 & 0.6620 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.6620

0.6600

0.6585

0.6550 Last

0.6520

0.6500

0.6480

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