By IFCMarkets
Lower commodity prices bearish for AUDUSD
Reserve Bank of Australia reported commodity prices decline deepened in March: exported commodity prices dropped 10.2% year over year following a 6% decline in February. Falling prices for commodities which account for over half of Australia’s export earnings. This is bearish for AUDUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Sell | |
MA(200) | Buy | |
Fractals | Sell | |
Parabolic SAR | Sell |
Order | Sell |
Buy stop | Below 0.6051 |
Stop loss | Above 0.6136 |
Market Analysis provided by IFCMarkets