(Last Updated January 12, 2022 1:35 GMT)
At the time of this writing, AUDCAD’s rate is up 4 pips (0.05%) from the hour prior. This is the 2nd hour in a row AUDCAD has seen its price head up. 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 0.90692, down 29 pips (0.32%) from the day prior. Compared to its peers in the Forex, AUDCAD gave its buyers a return that ranked 29th in terms of percentage change since the day prior. Let’s take a look at price chart of AUDCAD.
AUDCAD Technical Analysis
Notably, AUDCAD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 90.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days AUDCAD’s price has gone up 7 them.