AUD/USD may fall 11 - 26 pips

Pivot

0.6610

Our preference

Short positions below 0.6610 with targets at 0.6580 & 0.6565 in extension.

Alternative scenario

Above 0.6610 look for further upside with 0.6640 & 0.6660 as targets.

Comment

As long as the resistance at 0.6610 is not surpassed, the risk of the break below 0.6580 remains high.

Supports and resistances

0.6660

0.6640

0.6610

0.6591 Last

0.6580

0.6565

0.6550

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