AUD/USD may fall 22 - 37 pips

Pivot

0.6630

Our preference

Short positions below 0.6630 with targets at 0.6580 & 0.6565 in extension.

Alternative scenario

Above 0.6630 look for further upside with 0.6650 & 0.6670 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.6670

0.6650

0.6630

0.6602 Last

0.6580

0.6565

0.6550

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