Features of AUDUSD trading.

Trading the Australian dollar is deservedly popular among a certain segment of currency traders, a fact based on certain characteristics of the Australian dollar.

The AUDUSD currency pair is the best combination for this type of trading. Its two currencies are virtually unrelated, with their exchange rates influenced by completely different factors.

This gives it a highly dynamic movement and allows for fairly accurate trend forecasting , with both technical and fundamental analysis serving as the primary tools.

Key Features.

AUDUSD lots are measured in Australian dollars, with 1 lot equal to 100,000 units of this currency. This means you purchase this volume at the prevailing exchange rate for US dollars at the time of purchase. Accordingly, pips are also calculated in US dollars.

The AUDUSD pair has a low spread, which depends on volatility and trading conditions at dealing centers . A fixed spread ranges from 2 to 5 pips, while a floating spread ranges from 1 to 7 pips.

Maximum trading volumes are recorded during the Australian or Asian trading sessions, which begin at night Moscow time and continue into the morning hours.

AUDUSD trading.

The best time for trading is the Asian Forex session , which is when Australian exchanges are open and major news from the region is released.

The Australian dollar is sensitive to weather reports, agricultural harvest forecasts, and changes in gold prices.

Positive news causes the pair's currency price to rise, while negative news causes its value to decline.

Changes in the US dollar exchange rate also have a significant impact, but the opposite relationship is already observed. As the US dollar rises, the pair depreciates, and vice versa.

If the trading time or other parameters don't suit you, you can choose alternative currency pairs .