AUD/USD may fall 20 - 35 pips

Pivot

0.6735

Our preference

Short positions below 0.6735 with targets at 0.6690 & 0.6675 in extension.

Alternative scenario

Above 0.6735 look for further upside with 0.6750 & 0.6760 as targets.

Comment

As long as 0.6735 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6760

0.6750

0.6735

0.6710 Last

0.6690

0.6675

0.6660

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