AXY ( AUSTRAILIAN CURRENCY INDEX ) ON A BULL RUNAustralian currency index broke the bearish trend line that was preventing it from hiking. The current run is targeting 0.7 but its less likely 0.7 will be the end of the road. 0.8 will.be the main target once 0.7 is defeated but expecting trading traffic near 0.7 area. 0.75 could create stiff resis
About Australian Dollar Currency Index
The Australian Dollar Currency Index (AXY) demonstrates the strength of the AUD to the other major currencies. It might be a more objective indicator of a currency price than just rates. The Australian dollar is a commodity currency which depends on export volumes, especially to China. One of the possible patterns for the AUD is growth alongside the hike of commodity prices. You can see a reflection of these events in the chart for Australian dollar index movements.
Weekly Harmonic Pattern Analysis Of AUD Indexthe detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
Bearish Trend of AUD Continues.
AUD buyers try to reverse the AUD trend in region F 0.618-78.6.
it is much more probable that AUD Continue bearish trend toward level 1.27
AXY (Australian Dollar) bullish We see a reversal pattern forming for the australian dollar. The main driver for this is china opening back up trades routes. Australia is a massive coal exporter and its biggest buyer was China who for some time now had not been doing business with Australia however this is now all changing as Chin
AXY 15MIN - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a financial idea - this is not a fina
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current value of Australian Dollar Currency Index is 63.49 USD — it has risen by 0.58% in the past 24 hours. Track the index more closely on the Australian Dollar Currency Index chart.
Australian Dollar Currency Index reached its highest quote on Jul 27, 2011 — 110.68 USD. See more data on the Australian Dollar Currency Index chart.
The lowest ever quote of Australian Dollar Currency Index is 57.02 USD. It was reached on Mar 18, 2020. See more data on the Australian Dollar Currency Index chart.
Australian Dollar Currency Index value has increased by 4.74% in the past week, since last month it has shown a 0.29% increase, and over the year it's decreased by −2.05%. Keep track of all changes on the Australian Dollar Currency Index chart.
Australian Dollar Currency Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Australian Dollar Currency Index futures or funds or invest in its components.