(23 October 2020)AUD/USD The bias remains bullish.

Pivot
 (invalidation): 0.7105
Our preference
Long positions above 0.7105 with targets at 0.7140 & 0.7155 in extension.
Alternative scenario
Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)