AUD/USD may fall 35 - 50 pips

Pivot

0.6795

Our preference

Short positions below 0.6795 with targets at 0.6745 & 0.6730 in extension.

Alternative scenario

Above 0.6795 look for further upside with 0.6810 & 0.6825 as targets.

Comment

As long as 0.6795 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6825

0.6810

0.6795

0.6780 Last

0.6745

0.6730

0.6715

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