(03 November 2020)AUD/USD The bias remains bullish.

Pivot
 (invalidation): 0.7030
Our preference
Long positions above 0.7030 with targets at 0.7060 & 0.7075 in extension.
Alternative scenario
Below 0.7030 look for further downside with 0.7010 & 0.6990 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)