By IFCMarkets
Lower unemployment bullish for AUDUSD
Unemployment in Australia dipped for the first time in seven months in September. Will the AUDUSD rise?
The price chart on 1-hour timeframe shows AUDUSD: H1 is in uptrend. The price is above the 200-period moving average MA(200) which is rising. The Stochastic oscillator is in the overbought zone which is bearish.
| Order | Buy |
| Buy stop | Above 0.6832 |
| Stop loss | Below 0.6812 |
Market Analysis provided by IFCMarkets