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.
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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