AUDUSD

(Last Updated April 15, 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 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%
United States Philadelphia Fed Manufacturing Index Apr 2021 US Dollar USD 2021-04-15 12:30 GMT 42 50.2
United States NY Empire State Manufacturing Index Apr 2021 US Dollar USD 2021-04-15 12:30 GMT 19.5 26.3

The Trend

A trend/countertrend situation exists on AUDUSD, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

AUDUSD Moving Averages

The moving averages on AUDUSD summarize its price action in an interesting way. The 100 and 200 day averages are pointing upwards, suggesting a bullish trend, while the 20 and 50 day averages are pointing downward, suggesting a bearish trend on those timeframes. Ultimately, this suggests a bearish trend on shorter timeframes, compared to a bullish trend when observing more than 3 months of data.

The chart below illustrates.

In terms of correlations over the past week for AUDUSD, it has demonstrated the strongest correlation with NZDUSD. NZDUSD is the asset with which AUDUSD has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. Alternatively, TRYJPY has been the asset least correlated with AUDUSD — but if we observe the prior two weeks, EURNZD 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 up 106 pips (1.39%) from the week prior. Moreover, note that this is the 2nd straight week AUDUSD has seen its price head up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. 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. AUDUSD’s weekly price action over the past 52 weeks can be seen via the chart below.

AUDUSD: The Monthly View

Strongest trend on the 120 month timeframe.

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