(Last Updated September 23, 2021 1:58 GMT)
At the time of this writing, AUDUSD’s rate is down -7 pips (-0.09%) 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. 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.
AUDUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
After 5 down days, AUDUSD snaps its streak, rising 6 pips (0.09%) over the past day to close at an exchange rate of 0.72329. Compared to its peers in the Forex, AUDUSD gave its buyers a return that ranked 16th in terms of percentage change since yesterday. The price chart of AUDUSD below illustrates.
AUDUSD Technical Analysis
Notably, AUDUSD is now close to its 20 and 50 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 50 day average, which is 90.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days.