(04 December 2020)AUD/USD Bullish bias above 0.7405.

Pivot
 (invalidation): 0.7405
Our preference
Long positions above 0.7405 with targets at 0.7450 & 0.7480 in extension.
Alternative scenario
Below 0.7405 look for further downside with 0.7390 & 0.7370 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limite

(By Swissquote TRADING CENTRAL)