(Last Updated May 11, 2022 1:38 GMT)
At the moment, AUDCHF’s rate is down -3 pips (-0.04%) from the hour prior. This is the 2nd hour in a row AUDCHF has seen its price head 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)
AUDCHF is down 4 pips (0.06%) since yesterday (opening today near 0.69071), marking the 4th straight day a decline has happened. Relative to other instruments in the Forex asset class, AUDCHF ranked 18th yesterday in terms of percentage price change. Below is a price chart of AUDCHF.
AUDCHF Technical Analysis
Notably, AUDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6954, 0.6917, 0.6763 and 0.6743 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!