(12 October 2020)AUD/USD Bullish bias above 0.7200.

Pivot
 (invalidation): 0.7200
Our preference
Long positions above 0.7200 with targets at 0.7245 & 0.7270 in extension.
Alternative scenario
Below 0.7200 look for further downside with 0.7170 & 0.7145 as targets.
Comment
A support base at 0.7200 has formed and has allowed for a temporary stabilisat

(By Swissquote TRADING CENTRAL)