By IFCMarkets
AUDUSD rising despite deteriorated Australian data
Australia’s private sector contracted in March: the service sector contraction accelerated while manufacturing sector expansion slowed, as evidenced by Commonwealth Bank’s Composite PMI report. Despite deteriorating Australian business activity data AUDUSD setup is bullish.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Buy | |
MA(200) | Sell | |
Fractals | Buy | |
Parabolic SAR | Buy |
Summary of technical analysis
Order | Buy |
Buy stop | Above 0.5975 |
Stop loss | Below 0.5866 |
Market Analysis provided by IFCMarkets