AUD/USD may fall 26 - 46 pips

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6625 & 0.6605 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6680 & 0.6695 as targets.

Comment

As long as the resistance at 0.6660 is not surpassed, the risk of the break below 0.6625 remains high.

Supports and resistances

0.6695

0.6680

0.6660

0.6651 Last

0.6625

0.6605

0.6580

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