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.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Neutral
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 0.6518
Stop loss Below 0.6434

Market Analysis provided by IFCMarkets