AUD/USD may fall 21 - 36 pips

Pivot

0.6805

Our preference

Short positions below 0.6805 with targets at 0.6760 & 0.6745 in extension.

Alternative scenario

Above 0.6805 look for further upside with 0.6820 & 0.6835 as targets.

Comment

As long as 0.6805 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6835

0.6820

0.6805

0.6781 Last

0.6760

0.6745

0.6730

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