By IFCMarkets
Australia’s slowing private business activity bearish for AUDUSD
Expansion slowed in Australia’s manufacturing and services sectors in October. Will the AUDUSD continue falling?
On 1-hour timeframe AUDUSD: H1 is in downtrend, above the 200-period moving average MA(200) which is levelling off. The Stochastic indicator is below 50 level and rising.
| Order | Sell |
| Sell stop | Below 0.6824 |
| Stop loss | Above 0.6844 |
Market Analysis provided by IFCMarkets