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
12 hours agoAUD/USD hits fresh six months lows under 0.7500
15 hours agoAUD/USD looks to be in a rough shape, bearish below 200-DMA at 0.7555 – TDS
15 hours agoAUD/USD: Weekly close below year lows at 0.7531 to introduce a bearish bias – Credit Suisse
16 hours agoAUD/USD rebounds modestly from 2021 lows, stays calm around 0.7550