FX.co - AUD/USD Update for November 26, 2021 - Potential for upside reversion to the mean

2021-11-26T13:06:08

Relevance until2021-11-27

Technical analysis:

AUD/USD Update for November 26, 2021 - Potential for upside reversion to the mean

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ AUD/USD Update for November 26, 2021 - Potential for upside reversion to the mean