AUD/USD may fall 23 - 38 pips

Pivot

0.6705

Our preference

Short positions below 0.6705 with targets at 0.6665 & 0.6650 in extension.

Alternative scenario

Above 0.6705 look for further upside with 0.6720 & 0.6735 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.6705.

Supports and resistances

0.6735

0.6720

0.6705

0.6688 Last

0.6665

0.6650

0.6635

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