AUD/USD may fall 10 - 20 pips

Pivot

0.6670

Our preference

Short positions below 0.6670 with targets at 0.6635 & 0.6625 in extension.

Alternative scenario

Above 0.6670 look for further upside with 0.6690 & 0.6700 as targets.

Comment

As long as 0.6670 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.6700

0.6690

0.6670

0.6645 Last

0.6635

0.6625

0.6610

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