AUD/USD may fall 30 - 50 pips

Pivot

0.6525

Our preference

Short positions below 0.6525 with targets at 0.6480 & 0.6460 in extension.

Alternative scenario

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

Comment

As long as the resistance at 0.6525 is not surpassed, the risk of the break below 0.6480 remains high.

Supports and resistances

0.6560

0.6545

0.6525

0.6510 Last

0.6480

0.6460

0.6435

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