AUD/USD Down 5 Pips On Hourly Chart, Entered Today Down For the 5th Consecutive Day; in a Downtrend Over Past 90 Days

Hourly Update

(Last Updated September 22, 2021 1:46 GMT)

Currently, AUDUSD’s rate is down -5 pips (-0.07%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AUDUSD has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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.

AUDUSD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDUSD is down 32 pips (0.44%) since the day prior (opening today near 0.72267), marking the 5th consecutive day it has gone down. Compared to its peers in the Forex, AUDUSD gave its buyers a return that ranked 29th in terms of percentage change since the day prior. The price chart of AUDUSD below illustrates.

AUDUSD

AUDUSD Technical Analysis

Coming into today the current price of AUDUSD is sitting close to its 20 and 50 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 50 day average, which is 99.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days AUDUSD’s price has gone down 7 them.