Monday, June 27, 2022

AUDUSD achieved +560 points after reversal confirmation
1 mins well spent

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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