AUD/USD technical analysis: Lowest levels since flash crash with upside reversion target at 0.6915 swing low


  •  AUD/USD is now oversold on a short term and daily basis.
  • AUD/USD likely needs correction before sinking lower towards the said target down in the 0.6850's.
  • 0.6855 is the 78.6% Fibo target. 
  • A correction to the upside opens 0.6915 as the last bullish stick's lows on the 4HR outlook, a swing low following the decline from 0.6950.

Daily chart and oversold stochastics with 78.6% Fibo target:

 

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