AUDCHF Up 3 Pips in Last Hour, in an Uptrend Over Past 90 Days; is Inching Close to 20 Day Average

Hourly Update

(Last Updated April 5, 2021 2:13 GMT)

At the moment, AUDCHF’s rate is up 3 pips (0.04%) from the hour prior. AUDCHF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 is up 1 pips (0.02%) since yesterday (opening today near 0.7176), marking the 3rd day in a row it has gone up. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 8th in terms of percentage change since yesterday. Here is a price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

Notably, AUDCHF is now close to its 20 and 50 day averages, located at 0.7168 and 0.705 respectively, and thus may be at a key juncture along those timeframes. 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 5 out of the past 10 days.