AUD/USD may fall 9 - 29 pips

Pivot

0.6705

Our preference

Short positions below 0.6705 with targets at 0.6680 & 0.6660 in extension.

Alternative scenario

Above 0.6705 look for further upside with 0.6725 & 0.6740 as targets.

Comment

A support base at 0.6705 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.6740

0.6725

0.6705

0.6689 Last

0.6680

0.6660

0.6645

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