AUD/USD may fall 26 - 46 pips

Pivot

0.6540

Our preference

Short positions below 0.6540 with targets at 0.6480 & 0.6460 in extension.

Alternative scenario

Above 0.6540 look for further upside with 0.6560 & 0.6580 as targets.

Comment

As long as 0.6540 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6580

0.6560

0.6540

0.6506 Last

0.6480

0.6460

0.6440

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