AUD/USD Down 10 Pips Over Past 4 Hours, Came Into Today Up For the 5th Day In A Row; in an Uptrend Over Past 90 Days

AUD/USD 4 Hour Price Update

Updated July 22, 2020 09:18 AM GMT (05:18 AM EST)

AUD/USD is down 10 pips (0.14%) since the last 4 hour candle (opening the current 4 hour candle near 0.7128), marking the 2nd candle in a row a decrease has occurred. Relative to other instruments in the Forex asset class, AUD/USD ranked 30th the last 4 hour candle in terms of percentage price change.

AUD/USD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUD/USD is up 9 pips (0.12%) since yesterday (opening today near 0.71361), marking the 5th day in a row it has gone up. Compared to its peers in the Forex, AUD/USD gave its buyers a return that ranked 8th in terms of percentage change since yesterday. Let’s take a look at price chart of AUD/USD.

AUD/USD Technical Analysis

Coming into today the current price of AUD/USD is sitting close to its 20 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 20 day average, which is 159.7 pips away. 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 14 days AUD/USD’s price has gone up 8 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on AUDUSD, with 8 buy signals on our radar and 18 sell signals. This imputes a buy/sell ratio of 0.44, which is bearish. As for the rationale, technical traders seem to be citing the appearance of channel and supply zone technical patterns. Here’s a piece we found on tradingview.com that we thought you might enjoy.