By IFCMarkets
Smaller than expected decline in Australia’s trade surplus bullish for AUDUSD
Australia’s trade surplus declined to 5.21 billion Australian dollars from 5.38 billion in December, when a decline to 4.8 billion was forecast. This is bullish for AUDUSD. The decline in trade surplus was due to falls both in imports and exports.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 0.6636 |
| Stop loss | Below 0.6606 |
Market Analysis provided by IFCMarkets