(16 NOVEMBER 2018)AUD/USD:Bullish bias above 0.7255.

Pivot (invalidation): 0.7255

Our preference

Long positions above 0.7255 with targets at 0.7280 & 0.7300 in extension.

Alternative scenario

Below 0.7255 look for further downside with 0.7235 & 0.7220 as targets.

Comment

A support base at 0.7255 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)