AUD/USD may fall 37 - 55 pips

0.6769 is our pivot point.

Our preference

As long as 0.6769 is resistance look for 0.6685.

Alternative scenario

The upside breakout of 0.6769, would call for 0.6799 and 0.6817.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6744 and 0.6744).

Supports and resistances

0.6817 **

0.6799 *

0.6769 **

0.6757

0.6740 last

0.6703

0.6685 **

0.6667 *

0.6649 **

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