Rising Australian building approvals bullish for AUDUSD
Building approvals in Australia rose 11.8% over month in November, 2019. Will the AUDUSD rise?
The price chart on 1-hour timeframe shows AUDUSD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is declining. The Stochastic oscillator is about to reach the oversold zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 0.6886 |
| Stop loss | Below 0.6866 |