Can I buy and sell Australian dollars online?

In contrast with banks and other institutions, you can buy and sell Australian Dollars online while sitting in the comfort of your own home. With BookMyForex, you won't have to haggle as we compare the rates of more than a hundred money changers near your location to find you the best exchange rate for the Australian Dollar.

What is AUD currency?

This currency pair is also known as the "Aussie". Together with the New Zealand Dollar and the Canadian Dollar, the AUD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).

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 .

Why are Australian dollar and US dollar so popular?

The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.