(Last Updated December 30, 2021 1:37 GMT)
At the moment, AUDCAD’s rate is up 5 pips (0.05%) from the hour prior. This is the 2nd straight hour AUDCAD has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 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 is up 9 pips (0.1%) since yesterday (opening today near 0.92757), marking the 3rd consecutive day an upward move has occurred. Relative to other instruments in the Forex asset class, AUDCAD ranked 22nd yesterday in terms of percentage price change. Here is a price chart of AUDCAD.
AUDCAD Technical Analysis
Notably, the current price of AUDCAD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days AUDCAD’s price has gone up 12 them.