AUD/USD may fall 41 - 61 pips

0.6730 is our pivot point.

Our preference

The downside prevails as long as 0.6730 is resistance.

Alternative scenario

Above 0.6730, look for 0.6763 and 0.6783.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6707 and 0.6705).

Supports and resistances

0.6783 **

0.6763 *

0.6730 **

0.6717

0.6703 last

0.6662

0.6642 **

0.6622 *

0.6603 **

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