AUD/USD
Australian Dollar / US Dollar
TLDR - Quick Summary For Busy Traders
AUD/USD is a commodity currency tied to iron ore, gold, and China. Buy on rising commodities and risk-on. Sell during China slowdown or risk-off. Active in Asian session. Daily range: 50-100 pips.
Live Chart
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Best Trading Hours
Active: 7:00 PM - 2:00 AM EST (Asian session). Also active during commodity moves.
Key Correlations
Positive with gold, iron ore. Positive with NZD/USD. Negative with USD strength.
When to BUY
- Rising commodity prices (iron ore, gold)
- Strong Chinese economic data
- RBA hawkish stance
- Risk-on global sentiment
When to SELL
- China economic weakness
- Falling commodity prices
- Risk-off sentiment
- RBA dovish signals
When to AVOID
- RBA rate decisions
- Chinese economic data releases
- Major commodity price swings
- Australian employment data
Key Levels to Watch
Watch 0.7000, 0.6500, 0.6000 as key levels
Risk Disclaimer
Trading AUD/USD involves substantial risk of loss and is not suitable for all investors. The trading tips provided are for educational purposes only and do not constitute financial advice. Past performance is not indicative of future results. Always use proper risk management, including stop-loss orders, and never risk more than you can afford to lose. Consider seeking advice from an independent financial advisor before trading.