AUDCAD Up 1 Pips On Hourly Chart, Moves Up For the 3rd Straight Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated February 11, 2021 1:14 GMT)

At the time of this writing, AUDCAD’s rate is up 1 pips (0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 11 pips (0.12%) since the day prior (opening today near 0.9826), marking the 3rd straight day an increase has occurred. Relative to other instruments in the Forex asset class, AUDCAD ranked 12th the day prior in terms of percentage price change. Below is a price chart of AUDCAD.

AUDCAD

AUDCAD Technical Analysis

Notably, the current price of AUDCAD is sitting close to its 20, 50 and 100 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 90 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 10 them.