AUDUSD Analysis: Australia’s retail sales miss bearish for AUDUSD

December 5, 2019

By IFCMarkets

Australia’s retail sales miss bearish for AUDUSD

Australia’s retail sales and trade surplus both missed the October forecast. Will the AUDUSD decline?

AUDUSD falling above MA(200)

The price chart on 1-hour timeframe shows AUDUSD: H1 is trading sideways. The price is falling above the 200-period moving average MA(200) which is rising. And the Stochastic oscillator is in the oversold 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