Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. Leverage creates additional risk and loss exposure. Historically the AUD/USD is influenced by interest rate differentials, commodity prices, government credit ratings, and overall sentiment and speculation.įoreign exchange trading carries a high level of risk that may not be suitable for all investors. The AUD/USD is very popular with swing traders, with the four-hour timeframe being, historically at least, more dependable than others. Having said that, every pair presents its own challenges for traders. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar (USD) is the world’s most traded currency, resulting in a very liquid pair, with tight spreads, often staying within the 1 pip to 3 pip spread range on most forex brokers.ĪUD/USD Popular Among Various Types of TradersĪ lot of traders consider the AUD/USD to perhaps be the most consistent currency pair with respect to swing trading, as it has often moved in steadfast cycles. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). Historically the AUD/USD is influenced by interest rate differentials, commodity prices, government credit ratings, and overall sentiment and speculation. AUD/USD Popular Among Various Types of TradersA lot of traders consider the AUD/USD to perhaps be the most consistent currency pair with respect to swing trading, as it has often moved in steadfast cycles.Having said that, every pair presents its own challenges for traders.The AUD/USD is very popular with swing traders, with the four-hour timeframe being, historically at least, more dependable than others. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar (USD) is the world’s most traded currency, resulting in a very liquid pair, with tight spreads, often staying within the 1 pip to 3 pip spread range on most forex brokers. Historical exchange rates shown in graphs are not necessarily those that were applicable at the relevant time to any particular ANZ product or service.ĪNZ will not store the information provided in this calculator once this browser session is completed.The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). Exchange rates may not always be available for all currencies listed. In addition, they do not include any fees, commissions or charges that might apply in any actual/quoted rate or in any foreign exchange transaction. They do not represent exchange rates which are available under any product or service provided by ANZ or any other provider. To talk to one of our team at ANZ, please call 0800 269 296 or for more information about ANZ's financial advice service or to view our financial advice provider disclosure statement visit ANZ.co.nz/fapdisclosure.Īll exchange rates are indicative only and subject to change without notice. We recommend seeking financial advice about your situation and goals before getting a financial product. This material is for information purposes only and does not provide financial advice.
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