(03 August 2020)AUD/USD The downside prevails.

Pivot
 (invalidation): 0.7160
Our preference
Short positions below 0.7160 with targets at 0.7105 & 0.7085 in extension.
Alternative scenario
Above 0.7160 look for further upside with 0.7185 & 0.7200 as targets.
Comment
As Long as the resistance at 0.7160 is not surpassed, the risk of the break below 0.7105
remains high.

(By Swissquote TRADING CENTRAL)