AUDCAD Down 1 Pips Over Past Hour, is Inching Close to 20 and 50 Day Averages; Pin Bar Pattern Appearing on Chart

Hourly Update

(Last Updated July 15, 2021 1:12 GMT)

At the time of this writing, AUDCAD’s rate is down -1 pips (-0.01%) from the hour prior. The hourly chart shows that AUDCAD has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AUDCAD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDCAD entered today at 0.93167, up 1 pips (0.01%) from the previous day. Compared to its peers in the Forex, AUDCAD gave its buyers a return that ranked 13th in terms of percentage change since the previous day. Here is a price chart of AUDCAD.

AUDCAD

AUDCAD Technical Analysis

Notably, AUDCAD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 19 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.