AUDUSD

(Last Updated March 4, 2021)

Welcome to the news page for AUDUSD (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 Balance of Trade Jan 2021 Australian Dollar AUD 2021-03-04 00:30 GMT A$6.5B A$10.142B
Australia Retail Sales MoM Final Jan 2021 Australian Dollar AUD 2021-03-04 00:30 GMT 0.6% 0.5%
Australia RBA Kearns Speech NA Australian Dollar AUD 2021-03-04 03:25 GMT
United States Continuing Jobless Claims 20/Feb 2021 US Dollar USD 2021-03-04 13:30 GMT 4300K
United States Jobless Claims 4-week Average Feb/27 2021 US Dollar USD 2021-03-04 13:30 GMT

The Trend

On AUDUSD, there is currently an uptrend on the 90 and 30 day timeframes.

AUDUSD Moving Averages

AUDUSD’s moving averages suggest the trend on a number of time horizons is bullish.

The chart below illustrates.

Regarding AUDUSD’s correlations over the past 7 days, it has demonstrated the strongest correlation with NZDJPY. Over the past 14 days, however, AUDCAD is the asset most correlated to AUDUSD. On the flip side, the asset least correlated with AUDUSD over the past week has been EURJPY, but over the past two weeks, the asset least correlated with AUDUSD has been USDHKD. The chart below illustrates AUDUSD against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, AUDUSD’s rate is up 52 pips (0.68%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as AUDUSD has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart 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. AUDUSD’s weekly price action over the past 52 weeks can be seen via the chart below.

AUDUSD: The Monthly View

Monthly trend: strongest on the 24 month timeframe.

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