AUD/CHF Up 3 Pips Over Past Hour
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.
AUDCHF
(Last Updated April 15, 2021)
Hello! This is the news page for AUDCHF. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for AUDCHF
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Australia Employment Change | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 35K | 70.7K |
| Australia Unemployment Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 5.7% | 5.6% |
| Australia Participation Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 66.1% | 66.3% |
| Australia HIA New Home Sales MoM | Mar 2021 | Australian Dollar | AUD | 2021-04-16 | 03:00 GMT |
The Trend
As for trends on AUDCHF, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
AUDCHF Moving Averages
AUDCHF’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, save for a decline that occurred about 3 weeks ago.
The chart below illustrates.
In terms of correlations over the past week for AUDCHF, it has demonstrated the strongest correlation with NZDCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDCHF is EURAUD. On the flip side, GBPJPY has been the asset least correlated with AUDCHF — but if we observe the prior two weeks, USDCAD has been the asset least correlated with AUDCHF. The chart below illustrates AUDCHF against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, AUDCHF’s rate is up 87 pips (1.23%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly 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. The weekly chart below shows AUDCHF’s price action over the past year.
AUDCHF: The Monthly View
Clearest trend on the monthly is apparent at the 60 month timeframe.
AUDCHF Down 5 Pips in Last Hour; in an Uptrend Over Past 14 Days
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.
AUDCHF Up 3 Pips in Last Hour, 2 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart
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.
AUDCHF Down 0 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
It should be noted, though, the 200 day simple moving average turned downwards, which may be a bearish sign.
AUDCHF Up 5 Pips Over Past Hour, Price Base in Formation Over Past 30 Days; Nears 100 Day Moving Average
Price action traders may also wish to note that we see a doji candlestick pattern on audchf.
AUDCHF Down 4 Pips Over Past Hour, Breaks Above 20 Day Average; Price Base in Formation Over Past 14 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
AUD/CHF Down 6 Pips Over Past Hour, Moves Down For the 2nd Day In A Row; Crosses 50 Day Moving Average
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
AUDCHF Up 10 Pips Over Past Hour, 2 Day Up Streak Snapped; Crosses 20 and 50 Day Moving Averages
The closest is the 50 day average, which is 6.7 pips away.
AUD/CHF Up 1 Pips Over Past Hour, Moves Up For the 2nd Day In A Row; Breaks Above 20 and 50 Day Averages
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up.
AUD/CHF Down 4 Pips On Hourly Chart, 2 Day Down Streak Snapped; Eyes 50 Day Average
The closest is the 50 day average, which is 22.2 pips away.