Australia’s GDP miss bearish for AUDUSD
Australia’s Q3 GDP missed the low forecast. Will the AUDUSD decline?
The price chart on 1-hour timeframe shows AUDUSD: H1 is trading sideways. The price is rising above the 200-period moving average MA(200) which is rising. And the Stochastic oscillator is in the overbought zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.
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Market Analysis provided by IFCMarkets