(Last Updated February 19, 2021 0:15 GMT)
Currently, AUDUSD’s rate is down -1 pips (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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)
The choppiness in the recent daily price action of AUDUSD continues; to start today, it came in at a price of 0.77524, up 11 pips (0.14%) since the previous day. Relative to other instruments in the Forex asset class, AUDUSD ranked 11th the previous day in terms of percentage price change. Here is a price chart of AUDUSD.
AUDUSD Technical Analysis
Coming into today AUDUSD is now close to its 20 and 50 day averages, located at 0.7695 and 0.7693 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days AUDUSD’s price has gone up 17 them.