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AUDUSD trades above and below the hourly MA as highs and lows continue today


AUDUSD mired in bull and bear market

the AUDUSD

AUD/USD

AUD/USD is the currency pair comprising the Commonwealth of Australia’s Australian dollar (symbol $, code AUD) and the United States of America dollar (symbol $, code USD). The pair rate indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, that means 1 Australian dollar equals 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar (USD) is the most traded currency in the world, resulting in a very liquid pair, with tight spreads, often staying within the spread range from 1 pip to 3 pip. on most forex brokers. AUD/USD Popular Among Different Types of Traders Many traders consider the AUD/USD to be perhaps the most consistent currency pair when it comes to swing trading, as it has often moved in consistent cycles. That said, each pair presents its own challenges. for traders. AUD/USD is very popular with swing traders, with the four-hour timeframe being, at least historically, more reliable than the others. Historically, AUD/USD has been influenced by interest rate differentials, commodity prices, government credit ratings, as well as general sentiment and speculation.

AUD/USD is the currency pair comprising the Commonwealth of Australia’s Australian dollar (symbol $, code AUD) and the United States of America dollar (symbol $, code USD). The pair rate indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, that means 1 Australian dollar equals 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar (USD) is the most traded currency in the world, resulting in a very liquid pair, with tight spreads, often staying within the spread range from 1 pip to 3 pip. on most forex brokers. AUD/USD Popular Among Different Types of Traders Many traders consider the AUD/USD to be perhaps the most consistent currency pair when it comes to swing trading, as it has often moved in consistent cycles. That said, each pair presents its own challenges. for traders. AUD/USD is very popular with swing traders, with the four-hour timeframe being, at least historically, more reliable than the others. Historically, AUD/USD has been influenced by interest rate differentials, commodity prices, government credit ratings, as well as general sentiment and speculation.
Read this termThe highs and lows continue today, with the pair trading above and below its 100/200 hourly moving averages. The 100-hour moving average currently sits at 0.7498. The 200-hour moving average is at 0.7494. The low of the day was reached during the Asian session at 0.7472. The high of the day stood at 0.7524 near the start of the New York session.

For the week, the high price was reached on Monday at 0.75394. The lowest price was Tuesday at 0.74554. The 84 pip range is the lowest range for 2022 and the lowest range since the week of December 26, 2021 (Holiday Week). The lowest range in 2022 was 107 pips prior to this week. The pair has been confined within a 91 pip trading range for 8 days now.

Buyers and sellers are unsure of the next move given the non-trending nature of the market over the past 8 trading days. However, at some point, the next shove will occur, moving the pair away from current levels.

It should be noted that next week the push could come on Tuesday as the RBA is due to meet and keep rates unchanged at its policy meeting. However, according to a Reuters poll, the RBA will end its longest easing cycle on record by the end of the third quarter. Some economists see a rate hike soon after the federal election in May.

How the current rate trajectory is portrayed by the RBA given everything that is happening in the world right now, will be watched and could lead to the break and run at that time.

For now, the pair remains rangebound with swings above and below the 100/200 hourly MAs as a bias defining the levels between the extremes.

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