AUDUSD fall from the top zone achieved +1010 Points

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%)

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

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

AUDUSD starts to fall from top interest rate remains unchanged

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.

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