AUD/CHF Up 2 Pips Over Past Hour, Moves Up For the 2nd Straight Day; Crosses 20 Day Moving Average

Hourly Update

(Last Updated May 4, 2022 1:35 GMT)

Currently, AUDCHF’s rate is up 2 pips (0.03%) from the hour prior. The hourly chart shows that AUDCHF has seen 2 straight up hours. 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 up 61 pips (0.89%) since the day prior (opening today near 0.6952), marking the 2nd straight day an increase has occurred. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 2nd in terms of percentage change since the day prior. The price chart of AUDCHF below illustrates.

AUDCHF

AUDCHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: AUDCHF crossed above its 20 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.

The View From Around the Web

Of note is that traders in aggregate have opinions on AUDCHF, with 5 buy signals on our radar and 0 sell signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

My views on AUDCHF is bullish .Resistance lines:1) 0.695602) 0.704003) 0.71060Please❤️ Like❤️ Comment❤️ Share❤️ Follow❤️ Turn notification on✍ Trade at your own risk