AUD/USD may fall 52 - 102 pips

Pivot

0.6485

Our preference

Short positions below 0.6485 with targets at 0.6395 & 0.6345 in extension.

Alternative scenario

Above 0.6485 look for further upside with 0.6510 & 0.6525 as targets.

Comment

As long as the resistance at 0.6485 is not surpassed, the risk of the break below 0.6395 remains high.

Supports and resistances

0.6525

0.6510

0.6485

0.6447 Last

0.6395

0.6345

0.6300

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