(Last Updated July 13, 2021 1:12 GMT)
At the moment, AUDCHF’s rate is up 2 pips (0.03%) 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 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)
A moment of silence, please, for the end of AUDCHF’s 3 day down streak; price ended the previous day up 44 pips (0.65%) to finish the day at a rate of 0.6846. Relative to other instruments in the Forex asset class, AUDCHF ranked 7th the previous day in terms of percentage price change. Let’s take a look at price chart of AUDCHF.
AUDCHF Technical Analysis
The first thing we should note is that AUDCHF is now close to its 20, 50 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 200 day average, which is 27.5 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 17 out of the past 30 days.