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.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Buy | |
MA(200) | Buy | |
Fractals | Buy | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Buy |
Buy stop | Above 0.6546 |
Stop loss | Below 0.6485 |
Market Analysis provided by IFCMarkets