AUD/CHF Up 7 Pips in Last Hour, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated April 29, 2022 1:37 GMT)

Currently, AUDCHF’s rate is up 7 pips (0.1%) 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. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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 is up 1 pips (0.02%) since the previous day (opening today near 0.69015), marking the 2nd day in a row an increase has occurred. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 21st in terms of percentage change since the previous day. Let’s take a look at price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

Coming into today the current price of AUDCHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For additional context, note that price has gone down 15 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.