Lower unemployment bullish for AUDUSD
Unemployment in Australia dipped for the first time in seven months in September. Will the AUDUSD rise?
The price chart on 1-hour timeframe shows AUDUSD: H1 is in uptrend. The price is above the 200-period moving average MA(200) which is rising. The Stochastic oscillator is in the overbought zone which is bearish.
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Technical Analysis Summary
|Buy stop||Above 0.6832|
|Stop loss||Below 0.6812|
Market Analysis provided by IFCMarkets