Technical analysis:
Due to extreme downside condition on AUD/USD and bullish divergence in creation, there is potential for the upside reversion to the mean.
Trading recommendation:
Watch for buying opportunities on the pullbacks due to extreme downside condition.
Upside target is set at the price of 0,7185
Stochastic is showing convergence, which is another sign and confirmation for the upside rotation.
Support level is set at 0,7112
