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Technical Analysis AUDUSD : 2019-12-03

Rising current surplus bullish for AUDUSD

Australia's current account recorded a surplus for a second consecutive quarter in Q3. Will the AUDUSD rise?

AUDUSD rising above MA(200)

The price chart on 1-hour timeframe shows AUDUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is rising. The Stochastic oscillator is at about 50 level and has not reached the oversold zone.

Technical Analysis Summary

Buy stop Above 0.6862
Stop lossBelow 0.6842

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