AUD/CHF Up 3 Pips Over Past Hour, 3 Day Up Streak Snapped; Doji Pattern Appearing on Chart

Hourly Update

(Last Updated December 27, 2021 1:34 GMT)

At the moment, AUDCHF’s rate is up 3 pips (0.05%) 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 100 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, which opened today priced near 0.66401, is down 12 pips 0.19% since the previous day, marking a reversal from the day prior — and the end of a 3 day positive run. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 29th in terms of percentage change since the previous day. Here is a price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

The first thing we should note is that AUDCHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!