As this is a major trading currency pair, the Australian dollar is engaged in 5% of the world’s currency operations, which places it in sixth place by volume. This currency pair is recognised as comparatively easy to trade. Common strategies like the following price trend may be sufficient. Shifts in price are mostly driven by US dollar in this pair, as Australia made it through all the economic crises of the last century without a significant damage. The pair’s volatility is more or less the same throughout the day, which is a big plus for retail traders. Also, this symbol tends to negatively correlate with USDJPY.
Spreads and conditions
- 100 000 AUD
Most popular assets
6 hours agoAUD/USD Price Analysis: Has the room to rise towards 0.7850 amid favorable technicals
8 hours agoAUD/USD: Mildly bid above 0.7750 despite mixed RBA minutes, PBOC inaction
12 hours agoAUD/USD: Stays firmer towards 0.7800 on US dollar weakness, focus on RBA minutes
16 hours agoAUD/USD consolidates daily gains around 0.7750