(05 February 2020)AUD/USD Bullish bias above 0.6720.

Pivot
 (invalidation): 0.6720
Our preference
Long positions above 0.6720 with targets at 0.6750 & 0.6765 in extension.
Alternative scenario
Below 0.6720 look for further downside with 0.6705 & 0.6695 as targets.
Comment
A support base at 0.6720 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)