What is AUD/USD (Australian dollar - US dollar)?

Note: Low and High figures are for the trading day. AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar.

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 .

Is AUD/USD a good currency to trade?

AUD/USD can be a very good pair to trade when you have a monetary policy divergence between the two central banks backing the currencies, the Reserve Bank of Australia (RBA) for the AUD and the Federal Reserve (the Fed) for the USD.

Why is the AUD/USD pair a risk asset?

This makes the AUD/USD pair a risk asset. The AUD is a commodity linked currency and therefore it’s very sensitive to global growth expectations, while the USD is a safe haven currency, and it sees inflows in times of risk aversion and stress in the markets.