AUD/USD may fall 14 - 29 pips

Pivot

0.6570

Our preference

Short positions below 0.6570 with targets at 0.6545 & 0.6530 in extension.

Alternative scenario

Above 0.6570 look for further upside with 0.6585 & 0.6600 as targets.

Comment

As long as the resistance at 0.6570 is not surpassed, the risk of the break below 0.6545 remains high.

Supports and resistances

0.6600

0.6585

0.6570

0.6559 Last

0.6545

0.6530

0.6515

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