AUD/USD Watch 0.6700

Pivot (invalidation): 0.6750

Our preference Short positions below 0.6750 with targets at 0.6715 & 0.6700 in extension.

Alternative scenario Above 0.6750 look for further upside with 0.6765 & 0.6780 as targets.

Comment The RSI is bearish and calls for further decline. The pair is tracing the lower Bollinger band (as those bands are widening), calling for acceleration to the downside.

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