AUD/CHF Up 14 Pips Over Past Hour, 2 Day Up Streak Snapped; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated May 2, 2022 1:34 GMT)

Currently, AUDCHF’s rate is up 14 pips (0.2%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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)

The choppiness in the recent daily price action of AUDCHF continues; to start today, it came in at a price of 0.68706, down 31 pips (0.45%) since the day prior. Out of the 39 instruments in the Forex asset class, AUDCHF ended up ranking 28th for the day in terms of price change. Here is a price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: AUDCHF crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days.