AUD/USD may fall 26 - 36 pips.

AUD/USD may fall 26 - 36 pips.

Our pivot point is at 0.7079.

Our preference : The downside prevails as long as 0.7079 is resistance Alternative scenario Above 0.7079, look for 0.7097 and 0.7108.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and negative.

The configuration is negative.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.7069 and 0.7087).