AUD/USD may fall 24 - 44 pips

Pivot

0.6515

Our preference

Short positions below 0.6515 with targets at 0.6455 & 0.6435 in extension.

Alternative scenario

Above 0.6515 look for further upside with 0.6540 & 0.6560 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6560

0.6540

0.6515

0.6479 Last

0.6455

0.6435

0.6395

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