AUD/USD may fall 34 - 54 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

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances

0.6660

0.6635

0.6610

0.6594 Last

0.6560

0.6540

0.6520

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