AUD/USD may fall 27 - 42 pips

Pivot

0.6620

Our preference

Short positions below 0.6620 with targets at 0.6580 & 0.6565 in extension.

Alternative scenario

Above 0.6620 look for further upside with 0.6640 & 0.6660 as targets.

Comment

As long as 0.6620 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6660

0.6640

0.6620

0.6607 Last

0.6580

0.6565

0.6550

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