(Last Updated September 17, 2021 1:12 GMT)
At the moment, AUDCHF’s rate is down -8 pips (-0.12%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on AUDCHF. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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.
AUDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUDCHF entered today at 0.67492, up 15 pips (0.23%) from yesterday. Out of the 39 instruments in the Forex asset class, AUDCHF ended up ranking 7th for the day in terms of price change. Let’s take a look at price chart of AUDCHF.
AUDCHF Technical Analysis
Notably, AUDCHF crossed above its 50 day moving average yesterday. 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 6 out of the past 10 days.