AUD/CHF Down 6 Pips Over Past Hour, Moves Down For the 2nd Day In A Row; Crosses 50 Day Moving Average

Hourly Update

(Last Updated September 30, 2021 21:30 GMT)

At the moment, AUDCHF’s rate is down -6 pips (-0.09%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 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 22 pips (0.33%) since yesterday (opening today near 0.6706), marking the 2nd day in a row a decrease has occurred. Out of the 39 instruments in the Forex asset class, AUDCHF ended up ranking 29th for the day in terms of price change. Let’s take a look at price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

First things first: AUDCHF crossed below its 50 day moving average yesterday. 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 50 day average, which is 11.3 pips away. It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign. 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. For additional context, note that price has gone up 7 out of the past 14 days.