AUD/USD may fall 21 - 46 pips

Pivot

0.6525

Our preference

Short positions below 0.6525 with targets at 0.6465 & 0.6440 in extension.

Alternative scenario

Above 0.6525 look for further upside with 0.6545 & 0.6565 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.6565

0.6545

0.6525

0.6486 Last

0.6465

0.6440

0.6420

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