AUD/USD may fall 18 - 38 pips

Pivot

0.6525

Our preference

Short positions below 0.6525 with targets at 0.6475 & 0.6455 in extension.

Alternative scenario

Above 0.6525 look for further upside with 0.6545 & 0.6560 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.6560

0.6545

0.6525

0.6493 Last

0.6475

0.6455

0.6435

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