AUDUSD

AUD/USD possibly buy to day. AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair. SUPPORT & RESISTANCE S1 6990 S2 6855 S3 6792 R1 7187 R2 7270 R3 7385 Strong Moderate Weak Up Neutral Down PIVOT POINTS P 0.66951 S3 0.66751 S2 0.66851 S1 0.66902 R1 0.67002 R2 0.67051 R3 0.67151 AUD/USD MIXED Net Long Net Short DAILY CHANGE IN LONGS -9% SHORTS 13% OI -4% WEEKLY CHANGE IN LONGS 37% SHORTS 6% OI 27% AUD/USD MIXED Net Long Net Short DAILY CHANGE IN LONGS -9% SHORTS 13% OI -4% WEEKLY CHANGE IN LONGS 37% SHORTS 6% OI 27%WHAT IS AUD/USD – AN INTRODUCTION AUD/USD is the abbreviation for the Australian Dollar / US Dollar currency pair. It measures how much US Dollars are needed to purchase one unit of the Australian Dollar. In this case the Australian Dollar (AUD) is the base currency and the US Dollar (USD) is the quote (or “counter”) currency. AUD/USD is one of the most widely traded currency pairs in forex trading and is usually linked to commodity prices and market risk sentiment. WHY TRADE AUD/USD? The Australian Dollar is the fifth-most traded currency in the global foreign exchange market, accounting for 6.8% of the world’s forex turnover in 2019, according to the Bank of International Settlement (BIS). The institution compiles statistics in cooperation with central banks and is a good resource to gauge the size of the global forex market. However, it is important to note that non-institutional, or retail and/or individual investors, do not engage in trading directly in the interbank market. AUD/USD is perceived as a risk-linked, or growth-linked currency. Like the Canadian Dollar or the New Zealand Dollar, AUD can be very sensitive to the movement of commodity prices due to Australia’s large raw materials exports. Here are the main advantages of trading AUD/USD: Liquidity AUD/USD is very liquid as it is one of the most traded currencies in the world. High liquidity allows ease of trade, less slippage, lower costs, and deeper market depth that buffers against external shocks. Forex liquidity is an important consideration for forex traders as it measures the ability of a currency pair to be traded on demand and move without large price variances when bought/sold in significant sizes. Tight spreads As a widely traded currency pair, AUD/USD can have relatively narrow spread for retail traders. This can reduce the overall cost of trading, which is often an important consideration when choosing a currency pair. 24-hour trading AUD/USD is tradable 24 hours per day from Monday to Friday, offering seamless trading experience and typically easy entry and exit conditions