AUD/USD may fall 14 - 29 pips

Pivot

0.6675

Our preference

Short positions below 0.6675 with targets at 0.6640 & 0.6625 in extension.

Alternative scenario

Above 0.6675 look for further upside with 0.6695 & 0.6710 as targets.

Comment

As long as 0.6675 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6710

0.6695

0.6675

0.6654 Last

0.6640

0.6625

0.6605

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