AUD/USD may fall to 0.6490 - 0.6570

Pivot

0.6840

Our preference

Short positions below 0.6840 with targets at 0.6570 & 0.6490 in extension.

Alternative scenario

Above 0.6840 look for further upside with 0.6890 & 0.7025 as targets.

Comment

As long as the resistance at 0.6840 is not surpassed, the risk of the break below 0.6570 remains high.

Supports and resistances

0.7025 **

0.6890 ***

0.6840 ***

0.6712 Last

0.6570 ***

0.6490 ***

0.6360 ***

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