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 |
| Order | Buy |
| Buy stop | Above 0.5975 |
| Stop loss | Below 0.5866 |
Market Analysis provided by IFCMarkets