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
2 hours agoAUD/USD technical analysis: Aussie is approaching the July highs, trading near 0.7040
8 hours agoAUD/USD technical analysis: Bulls challenge a 1-year old descending trend-line hurdle
11 hours agoAUD/USD jumps back closer to weekly tops, just below mid-0.7000s
12 hours agoExtra gains in AUD/USD need to surpass 0.7050/70 – UOB