AUD/CHF Up 1 Pips Over Past Hour, Moves Up For the 2nd Day In A Row; Breaks Above 20 and 50 Day Averages

Hourly Update

(Last Updated September 24, 2021 1:42 GMT)

At the moment, AUDCHF’s rate is up 1 pips (0.01%) from the hour prior. This is the 2nd consecutive hour AUDCHF has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 up 50 pips (0.75%) since yesterday (opening today near 0.675), marking the 2nd day in a row it has gone up. Relative to other instruments in the Forex asset class, AUDCHF ranked 14th yesterday in terms of percentage price change. The price chart of AUDCHF below illustrates.

AUDCHF

AUDCHF Technical Analysis

First things first: AUDCHF crossed above its 20 and 50 day moving averages 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 20 day average, which is 3 pips away. 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. Or to simplify this another way, note that out of the past 14 days AUDCHF’s price has gone down 8 them.