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: Sellers aim for 0.7095 support-line after breaking 100-day SMA
6 hours agoAUD/USD continues to rest above 100-day SMA amid mixed signals
9 hours agoAUD/USD Technical Analysis: Quiet start of the week can lead to bull eyeing 0.7150 resistance
20 hours agoAUD/USD struggles near one-week lows, below mid-0.7100s