AUDUSD MARKET ANALYSIS

 Good afternoon traders, I hope you're all doing great. Into the markets I'm looking at AUDUSD where price rallied to a major H1 & H4 supply zone at 0.63230 & 0.62880 which is the origin of the previous drop to the major H4 demand zone at 0.61830 & 0.61360. Price has filled the H4 range from the H1 & H4 supply zone to the major H4 demand zone and back to supply. Price rallied into supply and formed rejections with candle closes inside supply followed by a slight drop. Took sell positions during NY session at 0.62768 with SL at 0.62880. Setup taken is a rally base drop, a reversal setup and my target is at 0.61800 inside the major H4 demand zone.








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