AUD/USD may fall 14 - 29 pips

Pivot

0.6690

Our preference

Short positions below 0.6690 with targets at 0.6650 & 0.6635 in extension.

Alternative scenario

Above 0.6690 look for further upside with 0.6705 & 0.6720 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.6720

0.6705

0.6690

0.6664 Last

0.6650

0.6635

0.6620

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