{"id":173268,"date":"2020-07-07T10:52:35","date_gmt":"2020-07-07T14:52:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173268"},"modified":"2020-07-07T06:53:16","modified_gmt":"2020-07-07T10:53:16","slug":"audusd-analysis-better-australian-economic-data-bullish-for-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/audusd-analysis-better-australian-economic-data-bullish-for-audusd\/","title":{"rendered":"AUDUSD Analysis: Better Australian economic data bullish for AUDUSD"},"content":{"rendered":"
July 7, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Better Australian economic data bullish for AUDUSD<\/strong><\/p>\n

Australia\u2019s economic data in the last couple of weeks were positive on balance: the trade surplus rose to A$8.03 billion from 7.83 billion in April, and retail sales increase continued \u2013 16.9% in May after 16.3% in April. And consumer prices recorded an uptick after decline in May \u2013 the Melbourne Institute (MI) inflation gauge rose 0.6% over month in June after 1.2% decline in May. However services sector contraction continued in June \u2013 the Australian Industry Group (AIG) service index ticked down to 31.5 from 31.6 in May. Readings below 50.0 indicate contraction. Improving data are bullish for AUDUSD.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 0.6997<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 0.6832<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Better Australian economic data bullish for AUDUSD Australia\u2019s economic data in the last couple of weeks were positive on balance: the trade surplus rose to A$8.03 billion from 7.83 billion in April, and retail sales increase continued \u2013 16.9% in May after 16.3% in April. And consumer prices recorded an uptick after decline […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-173268","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=173268"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173268\/revisions"}],"predecessor-version":[{"id":173276,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173268\/revisions\/173276"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}