AUDCHF Up 4 Pips On Hourly Chart; Breaks Above 50 Day Average

Hourly Update

(Last Updated September 16, 2021 2:12 GMT)

At the time of this writing, AUDCHF’s rate is up 4 pips (0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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.

AUDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of AUDCHF continues; to start today, it came in at a price of 0.67492, up 15 pips (0.23%) since the previous day. 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

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. Or to simplify this another way, note that out of the past 14 days AUDCHF’s price has gone up 8 them.