AUD/USD may fall 38 - 63 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

As long as 0.6525 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6565

0.6545

0.6525

0.6503 Last

0.6465

0.6440

0.6420

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