(VIANEWS) – AUD/USD (AUDUSD) has been up by 0.97% for the last 10 sessions. At 09:08 EST on Wednesday, 10 April, AUD/USD (AUDUSD) is $0.66.
Aud/usd price analysis: trading at the top of a range
On Tuesday AUD/USD formed a bearish Shooting Star candlestick pattern at the top of the range in the 0.6640s. , Given AUD/USD has been rejected at the range high and formed a bearish candlestick pattern at the same time, there is a risk of a reversal, and the price starting to move back down towards the range lows again, continuing the sideways trend.
AUD/USD’s yearly highs and lows, it’s 4.448% up from its 52-week low and 7.628% down from its 52-week high.
Volatility
AUD/USD’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.06%, a negative 0.05%, and a positive 0.38%, respectively.
AUD/USD’s highest amplitude of average volatility was 0.28% (last week), 0.39% (last month), and 0.38% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, AUD/USD’s Forex is considered to be oversold (<=20).
Previous days news about AUD/USD (AUDUSD)
- Aud/usd begins the week with extending losses, trades around 0.6560. According to FXStreet on Monday, 8 April, "The US Dollar (USD) strengthens, supported by higher US Treasury yields, thereby exerting downward pressure on the AUD/USD pair."
- Aud/usd forex signal: bearish outlook after the US jobs report – 08 April 2024. According to DailyForex on Monday, 8 April, "Looking ahead, this will be an important week for the AUD/USD pair because of key events. ", "The AUD/USD exchange rate is hovering near its highest point since March 21st as the strong US jobs numbers fueled rate cut delay fears. "
- Aud/usd hovers near 0.6600 as markets await aussie’s business, consumer confidence data. According to FXStreet on Monday, 8 April, "On the other hand, the AUD/USD first support would be the 100-day moving average (DMA) at 0.6600. ", "On Monday, the AUD/USD had risen above a downslope resistance trendline at around the 0.6580/90 area, which opened the door for buyers to reclaim 0.6600. "
More news about AUD/USD (AUDUSD).
