(Last Updated April 22, 2021 2:14 GMT)
Currently, AUDCHF’s rate is up 3 pips (0.04%) from the hour prior. This is the 2nd hour in a row AUDCHF has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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, which opened today priced near 0.71083, is up 32 pips 0.46% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. Out of the 39 instruments in the Forex asset class, AUDCHF ended up ranking 8th for the day in terms of price change. Let’s take a look at price chart of AUDCHF.
AUDCHF Technical Analysis
Notably, the current price of AUDCHF is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. Or to simplify this another way, note that out of the past 30 days AUDCHF’s price has gone down 18 them. We’re also seeing a bullish engulfing pattern here, and given the downtrend on the 90 and 30 day