Why is AUD important in forex trading?

As a consequence, the Australian dollar was drastically devalued, falling more than 15% against the United States dollar and reaching equilibrium with the New Zealand dollar (NZD) – a level not seen since the 1970s. The importance of AUD among forex traders is related to the country’s geography, geology, and government policy.

What does AUD/JPY mean?

AUD/JPY is the forex ticker representing the Australian Dollar against the Japanese Yen. It’s an extremely popular pairing for its relation to risk – it tends to fall in price when risk is perceived to be low and rise when risk is higher and market participants are looking for risk-off investments.

What's going on with AUDUSD?

Upward trend forming, EMA break and retest. 3 profit zones identified. AUDUSD touches the target The Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .

What is the AUDUSD pair?

The AUDUSD pair, also called the “Aussie”, tells the trader how many US dollars (the quote currency) are needed to purchase one Australian dollar (the base currency). This currency pair is also known as the "Aussie".