AUD/USD Down 12 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Relative to other instruments in the forex asset class, audusd ranked 5th the previous day in terms of percentage price change.
AUDUSD
(Last Updated January 18, 2021)
Hello! This is the news page for AUDUSD. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for AUDUSD
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Australia HIA New Home Sales MoM | Dec 2020 | Australian Dollar | AUD | 2021-01-19 | 00:00 GMT | ||
| United States Foreign Bond Investment | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Net Long-Term Tic Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Overall Net Capital Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| Australia Westpac Consumer Confidence Change | Jan 2021 | Australian Dollar | AUD | 2021-01-19 | 23:30 GMT |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for AUDUSD.
AUDUSD Moving Averages
The moving averages on AUDUSD indicate a trend that is clearly bullish.
Below is a chart showing AUDUSD’s price with its moving averages.
Regarding AUDUSD’s correlations over the past 7 days, it has been most correlated with AUDJPY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDUSD is EURNZD. On the flip side, the asset least correlated with AUDUSD over the past week has been GBPCHF, but over the past two weeks, EURJPY has been the asset least correlated with AUDUSD. See the chart below to observe the recent price action in AUDUSD versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, AUDUSD’s rate is down -65 pips (-0.83%) from the week prior. AUDUSD has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. 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 AUDUSD’s price action over the past year.
AUDUSD: The Monthly View
Strongest trend on the 120 month timeframe.
AUDUSD Down 8 Pips On Hourly Chart, Came Into Today Up For the 2nd Day In A Row; Crosses 20 Day Moving Average
This is a reversal of the price action on the previous hour, in which price moved up.
AUDUSD Up 13 Pips in Last Hour, Moves Down For the 2nd Consecutive Day; Crosses 20 Day Moving Average
Of note is that the 20 hour changed directions on audusd; it is now pointing up.
AUDUSD Down 24 Pips On Hourly Chart; in an Uptrend Over Past 90 Days
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
AUDUSD Down 4 Pips in Last Hour; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
AUDUSD Up 1 Pips On Hourly Chart; in an Uptrend Over Past 14 Days
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
AUDUSD Down 9 Pips in Last Hour; 3 Day Down Streak Ended
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.
AUDUSD Up 1 Pips Over Past Hour, Moves Down For the 3rd Consecutive Day; in an Uptrend Over Past 30 Days
This is the 3rd straight hour audusd has seen its price head up.
AUDUSD Down 5 Pips Over Past Hour, 2 Day Up Streak Snapped; in an Uptrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
AUDUSD Down 16 Pips Over Past Hour, Came Into Today Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days
This is a reversal of the price action on the previous hour, in which price moved up.