AUD/USD:Bullish Reversal from Oversold Zone with 290-Pips Target

AUD/USD has tested the key oversold area near 0.6200, showing strong buyer rejection. This zone aligns with historical support, making it a high-probability area for a bullish reversal. The take-profit target is set at 0.6490, a major control price reflecting previous equilibrium and significant trading activity.

With confirmation of bullish momentum, this setup offers aiming for a 290-pip move back toward fair value

If today's daily candle as bullish, it would be full confirmation