AUDUSD Bias Is Still Bearish | IFCM
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AUDUSD Bias Is Still Bearish

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The AUDUSD, Daily price forecast in our September 23, 2020 technical analysis was bearish.

  • Market data after AUDUSD, Daily September 23, 2020 technical analysis still indicate bearish bias.
  1. AUDUSD, Daily has closed 1.9% lower on September 25, 2020.
  2. However, Commonwealth Bank Australian PMIs for September came in better than expected – an upside risk.

Here is what indicators show as of September 28, 2020:

  • The Parabolic Indicator gives a bearish signal.
  • The Donchian Channel gives a neutral signal.
  • The MACD indicator gives a bearish signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give a neutral signal.
  • The MA(200) Indicator gives a bullish signal.

So the bearish forecast still stands for the AUDUSD, Daily.

OrderSELL
Sell stopBelow 0.7005
Stop lossAbove 0.7344

Commonwealth Bank September 23, 2020 PMI reports

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