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AUDUSD achieved +560 points after reversal confirmation

AUDUSD Reversal Analysis

On this week Monday, we told our users to wait for the Australian Interest rate release.

Tuesday, Australian Interest rate remains unchanged (0.25%)

Today GDP data contracted to 7% VS 6.3% expected, the Worst recession in Australia after 30years.

China imposed 80% tariff on Australian barley exports. These all make AUD weaker at this time. 

Finally, the technical correction starts.

AUDUSD struggles to break the top zone, We have expected a reversal from this top zone.

After the confirmation of reversal, the AUDUSD Sell signal is given.

AUDUSD reached the take profit successfully.

audusd target 1 reach during the reversal correction

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