AUD/USD may fall 27 - 47 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

As long as 0.6610 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6660

0.6635

0.6610

0.6587 Last

0.6560

0.6540

0.6520

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