AUD/USD may fall 27 - 47 pips

Pivot

0.6625

Our preference

Short positions below 0.6625 with targets at 0.6570 & 0.6550 in extension.

Alternative scenario

Above 0.6625 look for further upside with 0.6640 & 0.6655 as targets.

Comment

As long as the resistance at 0.6625 is not surpassed, the risk of the break below 0.6570 remains high.

Supports and resistances

0.6655

0.6640

0.6625

0.6597 Last

0.6570

0.6550

0.6530

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