(06 November 2020)AUD/USD Caution.

Pivot
 (invalidation): 0.7225
Our preference
Long positions above 0.7225 with targets at 0.7290 & 0.7320 in extension.
Alternative scenario
Below 0.7225 look for further downside with 0.7190 & 0.7150 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)