(Last Updated April 28, 2021 2:15 GMT)
At the time of this writing, AUDUSD’s rate is down -10 pips (-0.12%) from the hour prior. This is the 2nd consecutive hour AUDUSD has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being below it. 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.
AUDUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
A moment of silence, please, for the end of AUDUSD’s 3 day up streak; price ended the day prior down 30 pips (-0.39%) to finish the day at a rate of 0.77684. Out of the 39 instruments in the Forex asset class, AUDUSD ended up ranking 35th for the day in terms of price change. Here is a price chart of AUDUSD.
AUDUSD Technical Analysis
Coming into today the current price of AUDUSD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 51.4 pips away. The clearest trend exists on the 30 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.