AUD/USD may fall 20 - 35 pips

Pivot

0.6770

Our preference

Short positions below 0.6770 with targets at 0.6740 & 0.6725 in extension.

Alternative scenario

Above 0.6770 look for further upside with 0.6785 & 0.6800 as targets.

Comment

As long as 0.6770 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6800

0.6785

0.6770

0.6760 Last

0.6740

0.6725

0.6710

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