AUDUSD forecast bearish after Australia’s purchasing managers’ survey reports
Resumen de análisis técnico AUD/USD: Vender
| Indicador | Valor | Señal |
| RSI | Neutral | |
| MACD | Vender | |
| Donchian Channel | Neutral | |
| MA(200) | Comprar | |
| Fractals | Neutral | |
| Parabolic SAR | Vender |
Análisis gráfico
The technical analysis of the AUDUSD price chart on 1-hour timeframe shows AUDUSD,H1 is retracing down toward the 200-period moving average MA(200) after hitting three-week high a day ago. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.7061. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.7104. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Análisis fundamental de -
Australia’s private sector activity expansion slowed in May. Will the AUDUSD price retreat continue?
Australia’s private sector activity expansion slowed in May. Markit reported both the Manufacturing PMI and Services PMI in Australia declined in May while still indicating growth in activities. Slowing business activity is bearish for AUDUSD.