AUD/USD may fall 38 - 57 pips

Our pivot point stands at 0.6669.

Our preference

The downside prevails as long as 0.6669 is resistance.

Alternative scenario

Above 0.6669, look for 0.6700 and 0.6719.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6645 and 0.6641).

Supports and resistances

0.6719 **

0.6700 *

0.6669 **

0.6656

0.6636 last

0.6598

0.6579 **

0.6561 *

0.6542 **

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