AUD/USD may fall 9 - 29 pips

Pivot

0.6565

Our preference

Short positions below 0.6565 with targets at 0.6530 & 0.6510 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6600

0.6580

0.6565

0.6539 Last

0.6530

0.6510

0.6500

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