AUD/USD 4 Hour Price Update
Updated May 13, 2020 01:08 AM GMT (09:08 PM EST)
AUD/USD is down 22 pips (0.34%) since the previous 4 hours (opening the current 4 hour candle near 0.6457), marking the 3rd candle in a row a decline has happened. Relative to other instruments in the Forex asset class, AUD/USD ranked 36th the previous 4 hours in terms of percentage price change.
AUD/USD End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUD/USD is down 6 pips (0.09%) since the previous day (opening today near 0.64647), marking the 4th day in a row a decrease has occurred. Out of the 40 instruments in the Forex asset class, AUD/USD ended up ranking 37th for the day in terms of price change. Below is a price chart of AUD/USD.
AUD/USD Technical Analysis
The first thing we should note is that AUD/USD is now close to its 20 and 100 day moving averages, which may act as price barrier for the asset. 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 100 day average, which is 19 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to simplify this another way, note that out of the past 14 days AUD/USD’s price has gone up 7 them.