AUDUSD Analysis: Australia’s GDP miss bearish for AUDUSD

December 4, 2019

By IFCMarkets

Australia’s GDP miss bearish for AUDUSD

Australia’s Q3 GDP missed the low forecast. Will the AUDUSD decline?

AUDUSD rising above MA(200)

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