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
7 hours agoAUD/USD remains on track to end week above 0.69 handle
10 hours agoAUD/USD technical analysis: Aussie climbing to two-day highs above the 0.6900 figure post US data
17 hours agoAUD/USD looking to extend the recovery beyond 0.6900 handle
21 hours agoAUD/USD: Offered at 200-HMA, Westpac now expects RBA to cut rates 3 times in 2019