(Last Updated April 8, 2020)
Welcome to the news page for AUDUSD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of AUDUSD:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bearish
How the Current AUDUSD Rate Fares Relative to the Past Year?
The exchange rate for AUDUSD closed yesterday at 0.6173. That means that relative to the past year, the rate of AUDUSD is now closer to its 52 week low (0.55063) than its 52 week high (currently at 0.70824).To dig deeper and get the latest news on AUDUSD, try the links below. You can also visit the MarketWatch or Investing.com pages on AUDUSD for more news as well.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
If we can break above this area rather handily, that should send the aussie much higher….
Relative to other instruments in the forex asset class, aud/usd ranked 8th yesterday in terms of percentage price change.
Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed down.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
This imputes a buy/sell ratio of 0.41, which is bearish.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 and 30 day timeframes.
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
This imputes a buy/sell ratio of 0.71, which is bearish.