AUD/USD may fall 17 - 37 pips

Pivot

0.6635

Our preference

Short positions below 0.6635 with targets at 0.6595 & 0.6575 in extension.

Alternative scenario

Above 0.6635 look for further upside with 0.6650 & 0.6665 as targets.

Comment

As long as 0.6635 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6665

0.6650

0.6635

0.6612 Last

0.6595

0.6575

0.6560

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