AUD/USD may fall 27 - 42 pips

Pivot

0.6760

Our preference

Short positions below 0.6760 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario

Above 0.6760 look for further upside with 0.6775 & 0.6790 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.6790

0.6775

0.6760

0.6732 Last

0.6705

0.6690

0.6675

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