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EUR/USD
AUD/USD TRADING BASICS:
- AUD/USD is liked by forex traders for its liquidity, relatively attractive spreads and link to global economic trends
- AUD/USD often reacts swiftly to economic data and central bank policies, offering numerous trading opportunities
- Key fundamental and technical analysis perspectives are explained, followed by advanced tips for AUD/USD trading
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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.
BEARISH
AUD/USD
AUD/USD
BEARISH
| Low | |
| High |
of clients are net long.
Note: Low and High figures are for the trading 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.
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