AUDUSD MARKET ANALYSIS

 Good afternoon traders, it's another new week in the financial markets and I hope you're all ready to take advantage of the various opportunities in the markets. Into the markets today I'm looking at AUDUSD where market opened this week with price at 0.64200 and rallied back to supply at 0.64540 which was the origin of the previous drop to 0.63700. Price rallied back to supply and the previous H4 high at 0.64540 and formed a rejection wick with candle closes below supply during Asian session followed by a drop lower. Took sell positions during late Asian session at 0.64300 with SL at 0.64550. Setup taken is a rally base drop, a reversal setup and my target is at 0.63400.