AUD/USD may fall 18 - 38 pips

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6615 & 0.6595 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6680 & 0.6700 as targets.

Comment

As long as 0.6660 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6700

0.6680

0.6660

0.6633 Last

0.6615

0.6595

0.6575

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