(16 JULY 2020)AUD/USD Towards 0.6960.

Pivot
 (invalidation): 0.7010
Our preference
Short positions below 0.7010 with targets at 0.6980 & 0.6960 in extension.
Alternative scenario
Above 0.7010 look for further upside with 0.7035 & 0.7055 as targets.
Comment
A break below 0.6980 would trigger a drop towards 0.6960.

(By Swissquote TRADING CENTRAL)