AUDUSD Up 1 Pips Over Past Hour, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated October 15, 2021 23:13 GMT)

At the moment, AUDUSD’s rate is up 1 pips (0.01%) from the hour prior. AUDUSD has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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)

AUDUSD is up 38 pips (0.51%) since yesterday (opening today near 0.74164), marking the 2nd straight day it has gone up. Compared to its peers in the Forex, AUDUSD gave its buyers a return that ranked 11th in terms of percentage change since yesterday. Here is a price chart of AUDUSD.

AUDUSD

AUDUSD Technical Analysis

Notably, the current price of AUDUSD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. For additional context, note that price has gone up 8 out of the past 14 days.