(30 JULY 2020)AUD/USD Bullish bias above 0.7160.

Pivot
 (invalidation): 0.7160
Our preference
Long positions above 0.7160 with targets at 0.7195 & 0.7220 in extension.
Alternative scenario
Below 0.7160 look for further downside with 0.7145 & 0.7125 as targets.
Comment
A support base at 0.7160 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)