(Last Updated September 13, 2021 11:13 GMT)
Currently, AUDUSD’s rate is down -1 pips (-0.01%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDUSD has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on AUDUSD. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
AUDUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for AUDUSD, which started today off at 0.73663, up 14 pips 0.19% from the previous day. 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 Technical Analysis
Notably, AUDUSD is now close to its 20, 50 and 100 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 down over that time. Or to simplify this another way, note that out of the past 10 days AUDUSD’s price has gone up 5 them.