AUD/USD Price Recap
AUD/USD is down 0.24% since yesterday (with its current price near 0.67866), marking the 2nd day in a row it has gone down. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 22.15% from the day prior, and up 6.46% from the same day the week before. Out of the 40 instruments in the Forex asset class, AUD/USD ended up ranking 34th for the day in terms of day-over-day price change. Let’s take a look at price chart of AUD/USD.
AUD/USD Technical Analysis
Notably, the current price of AUD/USD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for AUD/USD has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 10 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!