(16 January 2020)AUD/USD Bullish bias above 0.6895.

Pivot
 (invalidation): 0.6895
Our preference
Long positions above 0.6895 with targets at 0.6920 & 0.6930 in extension.
Alternative scenario
Below 0.6895 look for further downside with 0.6880 & 0.6865 as targets.
Comment
A support base at 0.6895 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)