AUDUSD Analysis: Smaller decline in Australia’s inflation bullish for AUDUSD

April 29, 2020

By IFCMarkets

Smaller decline in Australia’s inflation bullish for AUDUSD

Australia’s consumer inflation slowing was less than expected in the first quarter of 2020: the CPI rose 0.3% over quarter in Q1 after 0.7% growth in the last three months of 2019, when a 0.2% growth was expected. This is bullish for AUDUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARSell

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.6546
Stop lossBelow 0.6485

Market Analysis provided by IFCMarkets