AUD/USD may fall 27 - 42 pips

Pivot

0.6550

Our preference

Short positions below 0.6550 with targets at 0.6505 & 0.6490 in extension.

Alternative scenario

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

Comment

As long as 0.6550 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6590

0.6575

0.6550

0.6532 Last

0.6505

0.6490

0.6470

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