AUDUSD ( SELL ORDER 1.90% )

🎗️Name : AUD/USD
🗨Time Frame : 4hrs Chart
(🖇️Short Order )
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🧾 : WHY IS AUDUSD GOING DOWN?
Australia is a major exporter of commodities such as coal, iron ore, gold and oil. Changes in commodity prices can have a significant impact on Australia's economy. When commodity prices rise, it can lead to increased income for Australian exporters and a stronger economy, which in turn can affect the strength of the Australian dollar (AUD). A stronger AUD could negatively impact exporting companies and have a downward effect on the stock market

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🔻Bearish Break
0.62900 Area
Reasons

Major Trend line break
Major Turn level
Visible Range Lvn
Channel band
M / W Low Break

🔺Bullish Reversal
0.61500 Area
Reasons

Major Turn level
Visible Range Lvn
Pattern Target
Quarter's Area

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