AUD/USD may fall 17 - 32 pips

Pivot

0.6670

Our preference

Short positions below 0.6670 with targets at 0.6630 & 0.6615 in extension.

Alternative scenario

Above 0.6670 look for further upside with 0.6690 & 0.6705 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.6705

0.6690

0.6670

0.6647 Last

0.6630

0.6615

0.6600

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