Australia’s retail sales miss bearish for AUDUSD
Australia’s retail sales and trade surplus both missed the October forecast. Will the AUDUSD decline?
The price chart on 1-hour timeframe shows AUDUSD: H1 is trading sideways. The price is falling above the 200-period moving average MA(200) which is rising. And the Stochastic oscillator is in the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.