AUDUSD Analysis: Improving business confidence in Australia bullish for AUDUSD

May 12, 2020

By IFCMarkets

Improving business confidence in Australia bullish for AUDUSD

Australia’s business confidence index improved: the National Australia Bank business confidence index improved to minus 46 in April from minus 65 in March. This is bullish for AUDUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Buy
FractalsNeutral
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.6518
Stop lossBelow 0.6434

Market Analysis provided by IFCMarkets