AUDCHF Up 0 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 Days
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Summary:
(Last Updated June 10, 2021 14:14 GMT)
At the moment, AUDCHF’s rate is up 10 pips (0.14%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDCHF has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
AUDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUDCHF is down 15 pips (0.22%) si ...