AUDCHF Down 2 Pips On Hourly Chart; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated May 28, 2021 1:14 GMT)

At the moment, AUDCHF’s rate is down -2 pips (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Of note is that the 20 hour changed directions on AUDCHF; it is now pointing down. 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)

The choppiness in the recent daily price action of AUDCHF continues; to start today, it came in at a price of 0.69479, up 8 pips (0.12%) since the day prior. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 18th in terms of percentage change since the day prior. Below is a price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

Coming into today AUDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.7018, 0.7079, 0.703 and 0.6821 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 70.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days AUDCHF’s price has gone down 9 them.