AUDUSD Analysis: Falling consumer confidence in Australia bearish for AUDUSD

April 15, 2020

By IFCMarkets

Falling consumer confidence in Australia bearish for AUDUSD

Consumer confidence dropped in Australia in April: it dropped 17.7% after 3.8% decline in March, according to Westpack Banking Corporation Consumer Sentiment survey report. This is bearish for AUDUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelSell
MA(200)Buy
FractalsNeutral
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 0.6284
Stop lossAbove 0.6412

Market Analysis provided by IFCMarkets