(Last Updated April 1, 2021 0:13 GMT)
At the time of this writing, AUDCHF’s rate is up 1 pips (0.01%) 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 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 entered today at 0.71627, down 8 pips (0.11%) from the day prior. Relative to other instruments in the Forex asset class, AUDCHF ranked 27th the day prior in terms of percentage price change. Below is a price chart of AUDCHF.
AUDCHF Technical Analysis
First things first: AUDCHF crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days AUDCHF’s price has gone down 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!