AUD/USD may fall 26 - 46 pips

Pivot

0.6620

Our preference

Short positions below 0.6620 with targets at 0.6590 & 0.6570 in extension.

Alternative scenario

Above 0.6620 look for further upside with 0.6645 & 0.6660 as targets.

Comment

As long as 0.6620 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6660

0.6645

0.6620

0.6616 Last

0.6590

0.6570

0.6550

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