(Last Updated October 15, 2021 23:12 GMT)
At the time of this writing, AUDCHF’s rate is down -5 pips (-0.08%) from the hour prior. AUDCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 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)
The back and forth price flow continues for AUDCHF, which started today off at 0.68549, up 36 pips 0.53% from yesterday. Out of the 39 instruments in the Forex asset class, AUDCHF ended up ranking 10th for the day in terms of price change. Here is a price chart of AUDCHF.
AUDCHF Technical Analysis
Notably, AUDCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 100 day average, which is 57.4 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 8 out of the past 14 days.