AUD/USD may fall 23 - 43 pips

Pivot

0.6550

Our preference

Short positions below 0.6550 with targets at 0.6490 & 0.6470 in extension.

Alternative scenario

Above 0.6550 look for further upside with 0.6575 & 0.6590 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.6590

0.6575

0.6550

0.6513 Last

0.6490

0.6470

0.6440

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