(17 OCTOBER 2018)AUD/USD:Bullish bias above 0.7125.

Pivot (invalidation): 0.7125

Our preference

Long positions above 0.7125 with targets at 0.7150 & 0.7165 in extension.

Alternative scenario

Below 0.7125 look for further downside with 0.7115 & 0.7100 as targets.

Comment

A support base at 0.7125 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)