By IFCMarkets
Rising current surplus bullish for AUDUSD
Australia’s current account recorded a surplus for a second consecutive quarter in Q3. Will the AUDUSD rise?
The price chart on 1-hour timeframe shows AUDUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is rising. The Stochastic oscillator is at about 50 level and has not reached the oversold zone.
| Order | Buy |
| Buy stop | Above 0.6862 |
| Stop loss | Below 0.6842 |
Market Analysis provided by IFCMarkets