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AUD/USD Technical Analysis - AUD/USD Trading: 2019-12-03
Rising current surplus bullish for AUDUSD
Australia's current account recorded a surplus for a second consecutive quarter in Q3. Will the AUDUSD rise?
The price chart on 1-hour timeframe shows AUDUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is rising. The Stochastic oscillator is at about 50 level and has not reached the oversold zone.
Technical Analysis Summary
Order | Buy |
Buy stop | Above 0.6862 |
Stop loss | Below 0.6842 |
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