AUDUSD Down 0 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Entered Today Up For the 4th Day In A Row

Hourly Update

(Last Updated February 24, 2021 0:15 GMT)

At the moment, AUDUSD’s rate is down 0 pips (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 51 pips (0.64%) since the day prior (opening today near 0.79186), marking the 4th day in a row an increase has occurred. Relative to other instruments in the Forex asset class, AUDUSD ranked 4th the day prior in terms of percentage price change. Below is a price chart of AUDUSD.

AUDUSD

AUDUSD Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days AUDUSD’s price has gone up 8 them.