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Barchart
Barchart
Jim Wyckoff

Australia Has a Stable Government and a Solid Economy. That Creates 1 Key Trade You Can Make Here.

Australia Economy Australian Dollar

March Australian dollar (A6H26) futures present a buying opportunity on more price strength.

See on the daily bar chart for the March Australian dollar futures that prices are trending higher and have just hit a 15-month high. See, too, that the moving average convergence divergence (MACD) indicator is in a bullish mode as the blue MACD line is above the red trigger line and both lines are trending up. Bulls have the firm near-term technical advantage.

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