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Australian Dollar /US Dollar (AUD/USD)
Written by Aboutcurrency
THE AUD/USD rate is composed of the Australian Dollar "base currency" and the US Dollar "quote currency".
The Australian Dollar/US Dollar (AUD/USD) exchange rate reflects the relation of the Australian Dollar against the US Dollar (1 AUD per x USD) . For example, if the AUD/USD quotes at 0.9000, then 10,000 Australian Dollars would equal 9000 US Dollars (because 10,000 x 0.9 = 9000). It simply means that 1 Australian Dollar buys you 0.9 US Dollars.
Trading Characteristics Of The AUD/USD
- One of the most popular currency pairs on the spot market (5%).
- Typical forex broker spread: 2-4 pips
- Most active trading sessions: Sydney, London and New York
- 5 Year Average Daily Range: 127 pips
- Who trades the Australian Dollar vs US Dollar? Central banks, financial institutions, retail traders,...
AUD/USD Forex Trading Tips:
- Recommended level of forex experience: Advanced
- Best trading sessions for daytraders: London and New York
- Worst times to trade: Holidays and before major economic news events
- Most common used AUD/USD forex charts: Daily, 4 Hour and 1 Hour
- Best forex brokers to trade AUD/USD: Click here >>>
- Forex trading strategies to trade Australian Dollar US Dollar: Click here >>>
- Best forex trading system to trade Australian Dollar US Dollar: Click here >>>
Australian Dollar/US Dollar Historical Chart
Top 3 Economic Events That Move AUD/USD
FOMC Rate Decision + Press Conference
RBA Rate Decision
US Employment (Non Farm Payrolls)
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