AUD/USD may fall 19 - 34 pips

Pivot

0.6740

Our preference

Short positions below 0.6740 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario

Above 0.6740 look for further upside with 0.6755 & 0.6770 as targets.

Comment

As long as 0.6740 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6770

0.6755

0.6740

0.6724 Last

0.6705

0.6690

0.6675

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