AUDUSD Down 0 Pips Over Past Hour, Came Into Today Up For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated February 15, 2021 23:15 GMT)

Currently, AUDUSD’s rate is down 0 pips (-0.01%) 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 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AUDUSD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDUSD is up 2 pips (0.03%) since the previous day (opening today near 0.77633), marking the 3rd consecutive day it has gone up. Compared to its peers in the Forex, AUDUSD gave its buyers a return that ranked 20th in terms of percentage change since the previous day. Here is a price chart of AUDUSD.

AUDUSD

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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days AUDUSD’s price has gone up 16 them.