(08 December 2020)AUD/USD Bullish bias above 0.7400.

Pivot
 (invalidation): 0.7400
Our preference
Long positions above 0.7400 with targets at 0.7450 & 0.7465 in extension.
Alternative scenario
Below 0.7400 look for further downside with 0.7385 & 0.7370 as targets.
Comment
The RSI calls for a bounce.

(By Swissquote TRADING CENTRAL)