AUDCHF Up 10 Pips Over Past Hour, 2 Day Up Streak Snapped; Crosses 20 and 50 Day Moving Averages

Hourly Update

(Last Updated September 30, 2021 2:12 GMT)

Currently, AUDCHF’s rate is up 10 pips (0.14%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 entered today at 0.6712, down 38 pips (0.56%) from the previous day. Relative to other instruments in the Forex asset class, AUDCHF ranked 34th the previous day in terms of percentage price change. The price chart of AUDCHF below illustrates.

AUDCHF

AUDCHF Technical Analysis

Notably, AUDCHF crossed below its 20 and 50 day moving averages yesterday. 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 50 day average, which is 6.7 pips away. 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. For additional context, note that price has gone up 6 out of the past 10 days.