AUD/USD may fall 14 - 29 pips

Pivot

0.6720

Our preference

Short positions below 0.6720 with targets at 0.6680 & 0.6665 in extension.

Alternative scenario

Above 0.6720 look for further upside with 0.6735 & 0.6750 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.6750

0.6735

0.6720

0.6694 Last

0.6680

0.6665

0.6650

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