AUDUSD at a very strong support at 0.70500 with a nice reversal point we could see this pair rally to 0.71670 followed by 0.71950 and could break the barrier over and head upto to 0.72120. For long term targets it would be 0.73000 and 0.74200. But for now we focus on the 50+ pips as first rally to the upside.