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
1 hour agoAUD/USD refreshes two-week lows as RBA rate cut odds surge
4 hours agoAUD/USD: Buyers and sellers jostle around 0.6800 with a few catalysts on the radar
10 hours agoAUD/USD is sinking on RBA rate cut expectations
13 hours agoAUD/USD technical analysis: Attempted recovery might now confront fresh supply near 0.6830 region