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
4 hours agoAUD/USD moving sideways between 0.7100 and 0.7160
5 hours agoAUD/USD Price Analysis: Bounded by support and resistance, watch for breakout
11 hours agoAUD/USD Price Analysis: Break below 0.7100 mark to pave the way for further weakness
12 hours agoAUD/USD struggles to find direction, trades flat near 0.7130