AUD/USD may fall 18 - 38 pips

Pivot

0.6610

Our preference

Short positions below 0.6610 with targets at 0.6560 & 0.6540 in extension.

Alternative scenario

Above 0.6610 look for further upside with 0.6635 & 0.6660 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.6660

0.6635

0.6610

0.6578 Last

0.6560

0.6540

0.6520

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