AUD/USD may fall 20 - 35 pips

Pivot

0.6565

Our preference

Short positions below 0.6565 with targets at 0.6535 & 0.6520 in extension.

Alternative scenario

Above 0.6565 look for further upside with 0.6580 & 0.6600 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.6565.

Supports and resistances

0.6600

0.6580

0.6565

0.6555 Last

0.6535

0.6520

0.6500

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