AUDUSD Up 16 Pips Over Past Hour; Doji Pattern Appearing on Chart

Hourly Update

(Last Updated February 12, 2021 17:17 GMT)

At the moment, AUDUSD’s rate is up 16 pips (0.21%) from the hour prior. This is the 2nd consecutive hour AUDUSD has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 and 50 hour moving averages have been crossed, with price now being above them. 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)

The choppiness in the recent daily price action of AUDUSD continues; to start today, it came in at a price of 0.77489, up 28 pips (0.36%) since the day prior. Out of the 39 instruments in the Forex asset class, AUDUSD ended up ranking 5th for the day in terms of price change. Below 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. 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 30 days AUDUSD’s price has gone down 16 them. Also, candlestick traders! Note we see doji pattern appearing here as well.