AUD/CHF Down 3 Pips in Last Hour, Entered Today Up For the 2nd Day In A Row; Nears 50 Day Moving Average

Hourly Update

(Last Updated January 12, 2022 1:35 GMT)

At the moment, AUDCHF’s rate is down -3 pips (-0.05%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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)

AUDCHF is up 1 pips (0.01%) since the previous day (opening today near 0.66581), marking the 2nd day in a row an increase has occurred. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 20th in terms of percentage change since the previous day. Let’s take a look at price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

Notably, AUDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.662, 0.6647, 0.6714 and 0.681 respectively, and thus may be at a key juncture along those timeframes. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone down 8 out of the past 14 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!