AUD/USD may fall 20 - 40 pips

Pivot

0.6615

Our preference

Short positions below 0.6615 with targets at 0.6560 & 0.6540 in extension.

Alternative scenario

Above 0.6615 look for further upside with 0.6640 & 0.6660 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.6660

0.6640

0.6615

0.6580 Last

0.6560

0.6540

0.6520

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