AUD/USD Down 20 Pips in Last 4 Hours, Entered Today Up For the 5th Day In A Row; in an Uptrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
AUDUSD
(Last Updated June 5, 2020)
Hello! This is the news page for AUDUSD. 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, 30 and 14 day timeframes, we see an uptrend in place for AUDUSD.
AUDUSD Moving Averages
AUDUSD’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing AUDUSD’s price with its moving averages.
As for correlation, In terms of correlations over the past week for AUDUSD, it has demonstrated the strongest correlation with CADJPY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDUSD is GBPJPY. Alternatively, the asset least correlated with AUDUSD over the past week has been GBPCAD, but if we observe the prior two weeks, EURGBP has been the asset least correlated with AUDUSD. The chart below illustrates AUDUSD against its least correlated assets.
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AUD/USD Up 2 Pips Over Past 4 Hours, Moves Up For the 5th Day In A Row; in an Uptrend Over Past 30 Days
Compared to its peers in the forex, aud/usd gave its buyers a return that ranked 15th in terms of percentage change since the day prior.
AUD/USD Up 4 Pips Over Past 4 Hours, Moves Up For the 4th Day In A Row; Social Sentiment Biased Towards Selling
The closest is the 200 day average, which is 295.7 pips away.
AUD/USD Up 26 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
AUD/USD Down 8 Pips in Last 4 Hours; in an Uptrend Over Past 30 Days
The closest is the 200 day average, which is 160.9 pips away.
AUD/USD Down 6 Pips On 4 Hour Chart; Nears 200 Day Moving Average
Reminder: drawing is only an idea of how the price will move, it’s not 100% perfection due to market naturejoin free telegram channel http://t.me/flydownx (daily updates!)
AUD/USD Up 25 Pips Over Past 4 Hours, Price Base in Formation Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart
Compared to its peers in the forex, aud/usd gave its buyers a return that ranked 37th in terms of percentage change since yesterday.
AUD/USD Down 27 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
AUD/USD Up 21 Pips Over Past 4 Hours, 3 Day Up Streak Broken; Price Base in Formation Over Past 90 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
AUD/USD Up 6 Pips Over Past 4 Hours, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.