AUD/USD may fall 23 - 38 pips

Pivot

0.6750

Our preference

Short positions below 0.6750 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario

Above 0.6750 look for further upside with 0.6760 & 0.6775 as targets.

Comment

As long as 0.6750 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6775

0.6760

0.6750

0.6728 Last

0.6705

0.6690

0.6675

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