AUD/USD may fall 27 - 47 pips

Pivot

0.6550

Our preference

Short positions below 0.6550 with targets at 0.6500 & 0.6480 in extension.

Alternative scenario

Above 0.6550 look for further upside with 0.6580 & 0.6610 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.6610

0.6580

0.6550

0.6527 Last

0.6500

0.6480

0.6450

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