AUDUSD Analysis: Slowing home loans bearish for AUDUSD

October 10, 2019

By IFCMarkets

Slowing home loans bearish for AUDUSD

Home loans in Australia slowed in August. Will the AUDUSD decline?

AUDUSD rising above MA(200)

On 1-hour timeframe AUDUSD: H1 is declining. The 200-period moving average MA(200) is level. The stochastic indicator is falling but has not reached the oversold zone.

Technical Analysis Summary

OrderSell
Sell stopBelow 0.6742
Stop lossAbove 0.6769

Market Analysis provided by IFCMarkets