AUDCHF

(Last Updated September 21, 2020)

Welcome to the news page for AUDCHF (AUDCHF). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for AUDCHF.

AUDCHF Moving Averages

AUDCHF’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, suggesting the trend is generally upward, aside from a drop about 6 months prior.

The chart below illustrates.

In terms of correlations over the past week for AUDCHF, it has been most correlated with USDZAR. Over the past 14 days, however, EURAUD is the asset most correlated to AUDCHF. On the flip side, the asset least correlated with AUDCHF over the past week has been EURCHF, but over the past two weeks, CHFJPY has been the asset least correlated with AUDCHF. See the chart below to observe the recent price action in AUDCHF versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

Currently, AUDCHF’s rate is up 0.0025 (0.37%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. AUDCHF’s weekly price action over the past 52 weeks can be seen via the chart below.