AUD/USD may fall 14 - 34 pips

Pivot

0.6650

Our preference

Short positions below 0.6650 with targets at 0.6610 & 0.6590 in extension.

Alternative scenario

Above 0.6650 look for further upside with 0.6675 & 0.6700 as targets.

Comment

As long as 0.6650 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6700

0.6675

0.6650

0.6624 Last

0.6610

0.6590

0.6575

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