(20 SEPTEMBER 2018)AUD/USD:The bias remains bullish.

Pivot (invalidation): 0.7240

Our preference

Long positions above 0.7240 with targets at 0.7275 & 0.7290 in extension.

Alternative scenario

Below 0.7240 look for further downside with 0.7220 & 0.7000 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)