AUD/USD intraday : the downside prevails as long as 0.6590 is resistance

Our pivot point is at 0.6590.

Our preference: the downside prevails as long as 0.6590 is resistance

Alternative scenario: above 0.6590, look for 0.6611 and 0.6624.

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 0.6580 and 0.6575). Finally, the AUD/USD is trading below its lower Bollinger band (standing at 0.6566).

Supports and resistances:

0.6624 **

0.6611 *

0.6590 **

0.6581

0.6565 last

0.6537

0.6524 **