AUD/USD may fall 30 - 50 pips

Pivot

0.6740

Our preference

Short positions below 0.6740 with targets at 0.6690 & 0.6670 in extension.

Alternative scenario

Above 0.6740 look for further upside with 0.6765 & 0.6795 as targets.

Comment

As long as the resistance at 0.6740 is not surpassed, the risk of the break below 0.6690 remains high.

Supports and resistances

0.6795

0.6765

0.6740

0.6720 Last

0.6690

0.6670

0.6650

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