AUD/USD Technical Analysis: Remains vulnerable near 2-week lows, upticks are likely to get sold into

   •  The pair was seen oscillating in a narrow band near the lower end of its daily trading range, or two-week lows, consolidating a sharp intraday slump of over 110-pips.

   •  Extreme oversold conditions on the 1-hourly chart seemed to be the only factor holding trader from placing any fresh bearish bets and limiting any further downside.

AUD/USD 1-hourly chart

   •  Meanwhile, oscillators on the daily chart have just started gaining negative momentum and support prospects for an extension of the recent rejection slide from 200-day SMA.

   •  Hence, any attempted recovery seems more likely to get sold into aggressively near the 0.7150-60 region amid the continuation of the recent US Dollar rally.