(Last Updated December 29, 2021 1:39 GMT)
At the moment, AUDCHF’s rate is down -1 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 is down 6 pips (0.09%) since the day prior (opening today near 0.66318), marking the 3rd consecutive day a decline has happened. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 21st in terms of percentage change since the day prior. Here is a price chart of AUDCHF.
AUDCHF Technical Analysis
Coming into today AUDCHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Volatility for AUDCHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. For additional context, note that price has gone down 19 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji pattern appearing here.