AUD/USD may fall 20 - 35 pips

Pivot

0.6680

Our preference

Short positions below 0.6680 with targets at 0.6640 & 0.6625 in extension.

Alternative scenario

Above 0.6680 look for further upside with 0.6695 & 0.6710 as targets.

Comment

As long as 0.6680 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6710

0.6695

0.6680

0.6660 Last

0.6640

0.6625

0.6605

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