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(31 JULY 2020)AUD/USD Bullish bias above 0.7180. – Analytics & Forecasts – 31 July 2020


Pivot
 (invalidation): 0.7180
Our preference
Long positions above 0.7180 with targets at 0.7220 & 0.7245 in extension.
Alternative scenario
Below 0.7180 look for further downside with 0.7160 & 0.7140 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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