AUD/USD may fall 24 - 44 pips

Pivot

0.6665

Our preference

Short positions below 0.6665 with targets at 0.6610 & 0.6590 in extension.

Alternative scenario

Above 0.6665 look for further upside with 0.6685 & 0.6705 as targets.

Comment

As long as 0.6665 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6705

0.6685

0.6665

0.6634 Last

0.6610

0.6590

0.6575

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