AUD/USD may fall 19 - 34 pips

Pivot

0.6525

Our preference

Short positions below 0.6525 with targets at 0.6480 & 0.6465 in extension.

Alternative scenario

Above 0.6525 look for further upside with 0.6540 & 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

0.6540

0.6525

0.6499 Last

0.6480

0.6465

0.6445

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