AUD/USD may fall 16 - 31 pips

Pivot

0.6655

Our preference

Short positions below 0.6655 with targets at 0.6615 & 0.6600 in extension.

Alternative scenario

Above 0.6655 look for further upside with 0.6670 & 0.6690 as targets.

Comment

As long as the resistance at 0.6655 is not surpassed, the risk of the break below 0.6615 remains high.

Supports and resistances

0.6690

0.6670

0.6655

0.6631 Last

0.6615

0.6600

0.6585

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