Features of trading AUDUSD.

Trading the Australian dollar enjoys well-deserved popularity among a certain part of currency traders, this fact is based on certain features of the Australian dollar.

The AUDUSD currency pair is the best combination for such trading; the two currencies included in it are practically unrelated to each other; their rates are influenced by completely different factors.

This gives it high dynamics of movement and allows for quite accurate trend forecasting , the main tools being both technical and fundamental analysis.

Main characteristics.

Lots in AUDUSD are measured in Australian dollars, 1 lot corresponds to 100,000 units of this currency, that is, you buy this volume at the current exchange rate for American dollars at the time of purchase.

Accordingly, points are also calculated in US dollars. The AUDUSD pair does not have a high spread; it depends on volatility and trading conditions in dealing centers ; the fixed value ranges from 2 to 5 points, and with a floating spread it ranges from 1 to 7 points.

Maximum trading volumes are recorded during the Australian or Asian trading session, which begins at night in Moscow and covers the morning hours.

Trading AUD/USD.

The best option for trading is the same Asian Forex session , at this time Australian exchanges work and the main news in this region is released.

The Australian dollar is sensitive to reports of weather disasters, forecasts regarding agricultural harvests, and changes in the price of gold.

Positive news causes the price of the currency pair to increase, while negative news reduces its value accordingly.

The change in the exchange rate of the US dollar also has an important influence, but an inverse relationship is already observed.

The US dollar is growing, the pair is becoming cheaper and vice versa. alternative currency pairs for trading .