AUD / USD is a major currency pair. It is very stable and tends not to make extreme price movements. Therefore, it is a currency pair that is also recommended for Forex beginners. To put it the other way around, it tends to be a little difficult to create a trend, and the difficulty is that it is difficult to take a large price range. It is suitable for those who want to win in the range, but it tends to be a little difficult for trend followers to win.
Difficulty
Recommended for Forex beginners to advanced users. Since extreme price movements are unlikely to occur, all funds will not disappear with one shot. It is a currency pair for swing trading, but it is also suitable for scalping and day trading.
Recommended trading time
The Australian dollar moves in Asian time and the US dollar moves in US time, so there is a 24-hour price movement. Trading is always recommended.
Recommended trading style
It is suitable for scalping and day trading, but it is not suitable for trend following if you want to take a large price range. It is a currency pair that tends to be in the range and is unlikely to generate a one-sided trend.
Economic indicators to watch out for
Be careful about the Australian index, policy rate, GDP, and unemployment rate. Other indicators do not move the market so much. But Australia has strong ties to China, so we also need to keep an eye on China’s economic indicators and politics.
The US dollar is also the key currency, and it has a great impact on all currency pairs, not just this currency pair. Therefore, it is necessary to pay attention not only to the policy interest rate, GDP and unemployment rate, but also to the international situation such as politics, social situation and war.
When the Australian dollar moves
The Australian dollar also responds to New Zealand and Chinese indicators. Let’s grasp the situation not only in Australia but also in these two countries. It is a factor that cannot be ignored because it is so relevant.
When the US dollar moves
Not only US indicators, but also US government bonds (10 years, 30 years), Nikkei Stock Average, crude oil prices, etc. will affect. Also, in the case of the United States, as it is called the police of the world, it is very sensitive to the influence of world affairs. Please note that some economic sanctions and military activities can move the dollar significantly.
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