March 5, 2020
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 |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 0.6636 |
| Stop loss | Below 0.6606 |
Market Analysis provided by IFCMarkets
