AUD/USD may fall 27 - 42 pips

Pivot

0.6645

Our preference

Short positions below 0.6645 with targets at 0.6600 & 0.6585 in extension.

Alternative scenario

Above 0.6645 look for further upside with 0.6660 & 0.6675 as targets.

Comment

As long as 0.6645 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6675

0.6660

0.6645

0.6627 Last

0.6600

0.6585

0.6570

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