AUD/USD may fall 16 - 31 pips

Pivot

0.6560

Our preference

Short positions below 0.6560 with targets at 0.6530 & 0.6515 in extension.

Alternative scenario

Above 0.6560 look for further upside with 0.6575 & 0.6590 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.6560.

Supports and resistances

0.6590

0.6575

0.6560

0.6546 Last

0.6530

0.6515

0.6500

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