🎗️Name : AUD/USD 🗨Time Frame : 4hrs Chart (🖇️Short Order ) ------ 🧾 : 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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