(23 JULY 2020)AUD/USD Bullish bias above 0.7125.

Pivot
 (invalidation): 0.7125
Our preference
Long positions above 0.7125 with targets at 0.7155 & 0.7180 in extension.
Alternative scenario
Below 0.7125 look for further downside with 0.7110 & 0.7090 as targets.
Comment
The RSI calls for a rebound.

(By Swissquote TRADING CENTRAL)