AUD/USD may fall 22 - 37 pips

Pivot

0.6760

Our preference

Short positions below 0.6760 with targets at 0.6725 & 0.6710 in extension.

Alternative scenario

Above 0.6760 look for further upside with 0.6780 & 0.6795 as targets.

Comment

As long as 0.6760 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6795

0.6780

0.6760

0.6747 Last

0.6725

0.6710

0.6675

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