AUD/USD may fall 29 - 54 pips.

AUD/USD may fall 29 - 54 pips.

Pivot 0.7045
Our preference : Short positions below 0.7045 with targets at 0.6970 & 0.6945 in extension.

Alternative scenario Above 0.7045 look for further upside with 0.7060 & 0.7090 as targets.

Comment : The RSI lacks upward momentum.