Weak unemployment report bearish for AUDUSD
Australia’s unemployment rate ticked up to 5.3% from 5.2% in September. Will the AUDUSD decline?
On 1-hour timeframe AUDUSD: H1 is in downtrend, below the 200-period moving average MA(200) which is falling. The Stochastic indicator is in the oversold zone which is bullish.
Technical Analysis Summary
| Order | Sell |
| Sell stop | Below 0.6774 |
| Stop loss | Above 0.6794 |