AUD/USD may fall 24 - 39 pips

Pivot

0.6590

Our preference

Short positions below 0.6590 with targets at 0.6560 & 0.6545 in extension.

Alternative scenario

Above 0.6590 look for further upside with 0.6605 & 0.6620 as targets.

Comment

As long as the resistance at 0.6590 is not surpassed, the risk of the break below 0.6560 remains high.

Supports and resistances

0.6620

0.6605

0.6590

0.6584 Last

0.6560

0.6545

0.6530

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