(30 JULY 2018)AUD/USD:Bullish bias above 0.7380.

Pivot (invalidation): 0.7380

Our preference

Long positions above 0.7380 with targets at 0.7405 & 0.7415 in extension.

Alternative scenario

Below 0.7380 look for further downside with 0.7365 & 0.7350 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)