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

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.