AUD/USD may fall 22 - 37 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 0.6590 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6620

0.6605

0.6590

0.6582 Last

0.6560

0.6545

0.6530

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