By IFCMarkets
Rising trade surplus bullish for AUDUSD
Australia’s trade surplus widened to A$7.2 billion September, up from A$6.6 billion in August. Will the AUDUSD rise?
The price chart on 1-hour timeframe shows AUDUSD: H1 is trading sideways. The price is rising above the 200-period moving average MA(200) which is rising. And the Stochastic oscillator is below 50 level and has not reached the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.
Market Analysis provided by IFCMarkets