(20 FEBRUARY 2019)AUD/USD:The bias remains bullish.

Pivot (invalidation): 0.7145

Our preference

Long positions above 0.7145 with targets at 0.7190 & 0.7210 in extension.

Alternative scenario

Below 0.7145 look for further downside with 0.7125 & 0.7100 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)