Trading AUD/USD
Investing in the AUD v USD currency pair has been highly attractive to traders for years, due to its stability and correlation with popular commodities. If you want to trade using a short-term or long-term forecast of this FX rate today, our review below dives into the exchange rate history, some trading strategy tips and how to use technical and fundamental analysis on a live graph.
AUD/USD Trading Brokers
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Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.4 0.1 0.4 Total Assets FCA Regulated Platforms 100+ Yes MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower -
XTB offers access to over 70 currency pairs, with competitive spreads averaging about 1 pip for major pairs. Its xStation platform is user-friendly, providing traders with top-tier charting tools, over 30 indicators, and diverse order types to support different strategies and risk management needs.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.4 1.0 1.4 Total Assets FCA Regulated Platforms 70+ Yes xStation -
FXCC champions its competitive forex trading environment. ECN spreads can drop to an impressive 0.0 pips during busy trading periods. Offering more variety than many competitors, it supports over 70 currency pairs. Furthermore, traders benefit from MT4, renowned for its exceptional charting capabilities, specifically designed for forex trading.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.0 0.2 0.5 Total Assets FCA Regulated Platforms 70+ No MT4, MT5 -
Vantage provides over 55 currency pairs, exceeding the industry norm, giving traders ample opportunities. With a robust liquidity pool, forex spreads start at 0.0 pips on the ECN account, often beating other options. Additionally, there are no commissions, deposit fees, or hidden charges.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.5 0.0 0.5 Total Assets FCA Regulated Platforms 55+ Yes ProTrader, MT4, MT5, TradingView, DupliTrade -
IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.23 0.02 0.27 Total Assets FCA Regulated Platforms 75 No MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower -
FxPro provides over 70 currency pairs, though minors are excluded, and is renowned for its rapid execution and tight spreads, averaging 0.45 pips on EUR/USD. Traders can design, evaluate, and implement short-term strategies using the top-tier MT4 platform with expert advisors for algorithmic trading.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.6 0.45 0.73 Total Assets FCA Regulated Platforms 70+ Yes FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower -
IG provides an extensive selection of over 80 currency pairs through its own web platform, mobile app, or MetaTrader 4. For advanced charting and forex analysis, the ProRealTime software is available. Testing shows forex spreads are competitive, beginning at 0.1 pips on major pairs such as EUR/USD.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.9 0.8 0.9 Total Assets FCA Regulated Platforms 80+ Yes Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
Pepperstone
XTB
FXCC
Vantage FX
IC Markets
FXPro
IG IndexSafety Comparison
Compare how safe the Trading AUD/USD are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| XTB | ✔ | ✔ | ✔ | ✔ | |
| FXCC | ✘ | ✔ | ✘ | ✔ | |
| Vantage FX | ✔ | ✔ | ✘ | ✔ | |
| IC Markets | ✘ | ✔ | ✘ | ✔ | |
| FXPro | ✔ | ✔ | ✘ | ✔ | |
| IG Index | ✔ | ✔ | ✔ | ✔ |
Payments Comparison
Compare which popular payment methods the Trading AUD/USD support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| FXCC | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Vantage FX | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| IG Index | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
Mobile Trading Comparison
How good are the Trading AUD/USD at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| XTB | iOS & Android | ✔ | ||
| FXCC | iOS & Android | ✘ | ||
| Vantage FX | iOS & Android | ✘ | ||
| IC Markets | iOS & Android | ✘ | ||
| FXPro | iOS & Android | ✘ | ||
| IG Index | iOS & Android | ✔ |
Beginners Comparison
Are the Trading AUD/USD good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| XTB | ✔ | $0 | 0.01 Lots | ||
| FXCC | ✔ | $0 | 0.01 Lots | ||
| Vantage FX | ✔ | $50 | 0.01 Lots | ||
| IC Markets | ✔ | $200 | 0.01 Lots | ||
| FXPro | ✔ | $100 | 0.01 Lots | ||
| IG Index | ✔ | $0 | 0.01 Lots |
Advanced Trading Comparison
Do the Trading AUD/USD offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✔ | ✔ | ✘ |
| XTB | Open API | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| Vantage FX | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✘ | ✘ | ✘ |
| IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
| FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| IG Index | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔ | 1:30 (Retail), 1:222 (Pro) | ✔ | ✘ | ✔ | ✔ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Trading AUD/USD.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| XTB | |||||||||
| FXCC | |||||||||
| Vantage FX | |||||||||
| IC Markets | |||||||||
| FXPro | |||||||||
| IG Index |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Reviewer
Pros
- Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
- Support for top-tier charting platforms such as MT4, MT5, TradingView, and cTrader. These tools accommodate different short-term trading methods, including algorithmic trading.
- Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
Cons
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
- Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
Our Take On XTB
"XTB emerges as an ideal option for novice traders, offering the impressive xStation platform, zero commission pricing, no required minimum deposit, and outstanding educational resources, many of which are conveniently integrated into the platform."
Pros
- Setting up an XTB account is straightforward and fully online, requiring only a few minutes. This simplicity eases new traders into the world of trading.
- XTB offers a superb array of educational resources, such as training videos and articles, embedded within the platform to assist traders of all experience levels.
- XTB offers a diverse range of over 7,000 instruments, including CFDs on shares, indices, ETFs, commodities, forex, and cryptocurrencies. The platform also provides real shares, real ETFs, share dealing, and the latest addition, Investment Plans, serving both traders seeking short-term gains and investors focused on long-term growth.
Cons
- XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
- The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
- XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
Our Take On FXCC
"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."
Pros
- There are no limitations on short-term trading techniques such as trading and scalping.
- FXCC is a trusted and licensed broker under the regulation of CySEC, a leading European authority ensuring excellent safeguarding standards.
- The complimentary education section, featuring the 'Traders Corner' blog, provides a wide array of resources suitable for traders of all experience levels.
Cons
- The range of research tools, such as Trading Central and Autochartist, is quite limited. Leading platforms in this category, like IG, offer more advanced features.
- While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.
- Unaware traders might face steep withdrawal fees, such as a notable $45 for bank transfers.
Our Take On Vantage FX
"Vantage is an ideal choice for CFD traders looking for a well-regulated broker with access to the dependable MetaTrader platforms. With a swift sign-up process and a minimum deposit of $50, starting trading is simple and fast."
Pros
- Vantage has enhanced its trading tools for experienced traders, introducing AutoFibo EA to pinpoint potential market reversals.
- With a minimal deposit requirement of just $50 and no funding fees, this broker stands out as an excellent option for novice traders.
- The broker recently expanded its range of CFDs, offering more trading opportunities.
Cons
- Regrettably, cryptocurrencies are accessible solely to clients in Australia.
- It's unfortunate that some clients must register with the offshore firm, which provides reduced regulatory safeguards.
- Based on tests, average execution speeds of 100ms to 250ms are slower compared to other options.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
- Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
- In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience.
Cons
- The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
- IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes.
- Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
Cons
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
Our Take On IG Index
"IG offers a complete package with an intuitive online platform, top-tier beginner education, advanced charting tools through its TradingView integration, real-time data, and swift execution for seasoned traders."
Pros
- IG stands out with its extensive range of instruments, offering stocks, forex, indices, commodities, and cryptocurrencies. Additionally, it has recently introduced US-listed futures and options, along with an AI Index. These options enhance opportunities for diversification in trading.
- The ProRealTime advanced charting platform remains free, provided traders meet modest monthly activity requirements.
- The web-based platform supports traders at every level, offering advanced charting tools and real-time market data vital for trading. Additionally, IG now includes TradingView integration.
Cons
- Based on tests, stock and CFD spreads remain less competitive than the lowest-cost brokers, such as CMC Markets.
- In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
- Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
Introduction To AUD/USD
The AUD/USD cross currency pair (also known as the ‘Aussie’) is the sixth most traded currency in the world. The pair indicates the exchange rate between the Australian Dollar (the base currency) and the US Dollar (the quote currency), showing how many units of USD are needed to purchase one AUD.
To understand the origins and popularity of the two traded currencies, an overview of the history of the Australian Dollar and US Dollar is explained below.
The Australian Dollar
The Australian Dollar (AUD) was introduced in 1966 to replace the pre-decimal Australian Pound. As of 2016, the AUD accounted for 6.9% of the world daily share, behind the US Dollar, the Euro, the Japanese Yen and the Pound Sterling.
Much like the New Zealand Dollar and the Canadian Dollar, AUD is known as a commodity currency. This is because Australia’s exports comprise mostly of raw materials such as metals, oil and agriculture.
The AUD is a popular currency to trade due to high interest rates set by the Reserve Bank of Australia (RBA). There is also good political and economic stability in Australia, plus limited government intervention in the foreign exchange market.
After the first few years of being pegged to both the British Pound and then the US Dollar, AUD was floated in 1983. After reaching its lowest ever value in 2001, the dollar recovered in 2009 before reaching parity with the US Dollar for the first time in 2010.
The AUD reached its highest ever value against the US Dollar in 2011, which was purportedly due to Europe’s sovereign debt crisis at the time.
The US Dollar
The US Dollar (USD) has been in circulation since 1775 by the Continental Congress and was formerly known as the Continental Currency. It wasn’t until 1785 when the new currency, the US Dollar, was issued.
In the 19th century, large silver deposits were discovered in Western United States, causing political controversy when the intrinsic value of silver in the coinage dropped. Some parties advocated switching to the gold standard, eventually leading to its adoption towards the end of the century.
However, after various influential factors including the World Wars and the Great Depression, the gold standard became too difficult to manage by the early 1960s. By the 1970s, inflation, caused by increasing prices of commodities and spending on the Vietnam War, led to the Dollar being worth less than the gold used to back it.
As a result in 1971, President Richard Nixon enacted the Nixon Shock, which cancelled the convertibility of the US Dollar to gold.
Trading AUD/USD: Pros & Cons
There are a few benefits and drawbacks to consider before you start monitoring price action and begin day trading on the AUD/USD.
Pros
- High interest rates – The high interest rates set by the Reserve Bank of Australia (RBA) are some of the highest among industrialised nations. This indicates a potentially stronger currency, making AUD highly popular among traders.
- Volatility – The price of AUD/USD moves sharply in the market, creating attractive volatility for traders. You can open up a basic price chart to see these movements in real-time.
- Stability – Today, Australia is considered economically and politically stable, compared to some other nations. There is also relatively low government intervention in the forex market.
- Trade relations – Australia’s strong trade relationship with China and the Asia region results in a positive correlation with some popular commodities. This includes gold, one of the most traded commodities.
- Diversity – You can trade a range of AUD/USD instruments, including ETF products, futures, forwards and options.
Cons
- Leverage – Whilst leveraged trading can maximise profits, it can also increase losses if appropriate stop loss and take profit measures are not in place.
- Volatility risk – Frequent changes in volatile markets such as AUD/USD can occur in just minutes and therefore can cause as many losses as gains.
- Liquidity – Although AUD/USD is a highly liquid currency pair, the forex market does experience periods of low liquidity, especially outside of certain market hours. As a result, brokers will often increase their bid/ask spreads.
What Factors Affect AUD/USD?
Australian Factors
The price of AUD/USD is heavily affected by decisions made by the Reserve Bank of Australia (RBA) and the Department of Finance, who decide on interest rates and other fiscal policies in the country.
Traders should also stay on top of economic data relating to Gross Domestic Product (GDP), which measures the performance of a country’s economy, as well as inflation indicators, including the Core Price Index (CPI) and the Production Price Index (PPI).
As the AUD is a commodity currency, make sure to also look out for the current trade balance, which represents the balance between imports and exports of all goods and services in Australia.
Some other financial assets will also affect the AUD/USD trading economics, including other currencies such as the NZD and JPY, as well as EUR/USD, GBP/USD, and USD/CAD. Aside from gold, AUD/USD can also be directly affected by iron ore and natural gas. Of course, stocks of the Australian Securities Exchange will also influence the direction of AUD/USD.
US Factors
Along with GDP and inflation indicators, traders should keep an eye on decisions made by the US government, such as statements made by the administration, new laws or fiscal policy. The Federal Reserve of the United States is also the best place to look for changes to interest rates and bank lending in cases of financial crisis.
Furthermore, the US is able to artificially create high global demand for the US Dollar, due to its status as a reserve currency. Reserve currencies are used to purchase commodities such as gold and oil, creating demand for that currency. For example, it is thought that China’s interest in attaining its own reserve currency for the Yuan will in turn decrease demand for US Dollars.
How To Trade AUD/USD
To develop an efficient trading strategy, understanding how to analyse the price action of AUD/USD is essential. Day trading on the AUD/USD currency pair can be exciting, but make sure to consider the below techniques before executing your scalping or breakout strategy.
Trading the AUD/USD on MT4
Technical Analysis
The art of technical analysis using live online forex charts and graphs is a fundamental aspect of forex trading. Whether you’re focusing on a short-term or long-term outlook, technical analysis studies pip movements for both.
Real-time charts allow you to analyse historical prices and data on an hourly, weekly, monthly or yearly basis. Chart analysis therefore can help uncover price trends to make a prediction or forecast on future trends.
To make use of a current AUD USD price chart, you can explore a range of technical indicators, trendlines and other graphical objects on a standard candlestick or bar chart. Support and resistance levels are commonly used to determine the high and low points of price movements within a given time.
Support and resistance can also be used in conjunction with short-term or long-term moving averages, daily pivot points or Elliott Wave analysis. So whether you’re looking at price movements for the last week or the last year, these tools will easily indicate bullish or bearish trends when prices rally or fall.
Note that some indicators will work better on certain time frames. For detailed price analysis by the minute, for example, most platforms will offer 1 minute, 5 minute and 15 minute charts. However, you can also utilise 1-hour or 4-hour charts for a broader outlook.
Fundamental Analysis
As well as your live streaming charts, you can also forecast AUD/USD movements using fundamental analysis tools, which monitor economic, financial or political developments. These resources, tools and news outlets will release the latest regional news updates and analysis, as well as market sentiment and exchange rate chart predictions.
Sources such as Yahoo Finance, Bloomberg, Reuters, XE and Google Finance are excellent places to start. It’s also worth checking out any resources provided by your broker or trading platform, such as an economic calendar or an AUD vs USD news forum.
Some third-party tools can also provide invaluable exchange rate history analysis and commentary based on 1-year, 3-year, 5-year or 10-year charts. For currencies with a deep market history, you can also find 20-year and 50-year charts on some sources.
Automated Trading
If you’re short on time or want to diversify your AUD/USD strategy, you could also opt for automated trading techniques using Expert Advisors (EAs) or trading signals.
Expert Advisors are algorithmic trading robots which scan the markets for optimum conditions and trade on your behalf. There are thousands of EAs to choose from in the MetaTrader platforms, for example, each individually tailored for a specific asset or strategy.
Trading signals allow investors to subscribe to another provider within the platform and automatically copies the orders into their own account. This option isn’t for everyone, so it’s a good idea to check out the provider’s monthly success data and statistics before committing.
Correlation
Some currency pairs are intrinsically correlated with other pairs or assets, due to the relationship between the currencies and nations concerned. As such, correlations can be used to help traders avoid bad trades.
Perhaps the strongest correlation associated with AUD/USD is gold (XAU). Australia has a strong exports relationship with China and the Shanghai Stock Exchange and therefore has greater exposure to Asian economies than other nations.
As a result of this correlation, AUD vs USD tends to rise and drop with the price of gold, which is viewed as a safe haven against inflation. You can view this correlation easily by observing a live AUD/USD and gold chart.
Whilst gold has the most notable correlation with AUD/USD, some other currency pairs also share a positive relationship, including the USD/JPY and EUR/USD correlation. For example, if the price of EUR/USD decreases due to the strengthening of the Dollar, the price of AUD/USD will also decrease.
Risk Management
Before you buy or sell AUD/USD, it is essential to implement appropriate money management tools. Regardless of whether you’ve made a solid 1-month, 3-month or even 12-month forecast, there is no guarantee that you will profit from every trade.
Stop loss and take profit orders can minimise risk and protect open positions. A stop loss essentially pulls you out of a trade when the market moves against you, whilst take profit orders will lock in your closing price when a certain profit level is reached.
You can also use a risk/reward ratio to manage your expectations and determine the worth of a trade. The ratio compares the amount of money you are risking against the potential gain.
Session Times
Whilst you can trade forex pairs 24/7, there are ideal times to trade AUD/USD when daily volume and volatility peaks. Generally, the best time to trade the Aussie to USD is between 19:00 and 04:30 GMT.
Note that the trading hours available in your trading platform will depend on the timezone of your broker. Traders should also remember that brokers may increase the buy/sell spread outside certain market hours during periods of low liquidity.
Final Word On Trading AUD/USD
Before you open your live charts and start investing today, make sure you understand the historical average exchange rate of the USD to AUD pair and how to forecast prices on a live daily, weekly or yearly graphs. You can also analyse the AUD v USD exchange rate news today on Yahoo Finance or Bloomberg, for example, to get a good view of whether the price will be going up or down tomorrow, or even next week.
Find out more about forex trading.
FAQ
AUD/USD: What Does It Mean?
AUD/USD is a currency pair that represents the FX rate between the Australian Dollar and the US Dollar, meaning you need a certain amount of USD (the quoted currency) to buy one AUD (the base currency). AUD/USD is the sixth most traded currency in the world.
Why Is AUD/USD Popular?
There are several reasons that traders are attracted to the AUD/USD pair, including its high volatility and liquidity, as well as the relative stability of the Australian economy and high interest rates. AUD/USD is also considered a commodity currency due to its strong trade relations with China and other Asian economies.
How Do I Trade AUD/USD?
The best way to day trade with AUD/USD is to use a combination of technical and fundamental analysis. Daily exchange rate history on a live streaming chart will provide a good AUD v USD weekly or yearly outlook and will enable you to forecast any future price trends. Today, some platforms will allow you to analyse prices over a history of 10 or 20 years, for example.
When Can I Trade AUD/USD?
Forex is a 24-hour market, though certain hours in the day are ideal for trading AUD against USD. The optimal time to trade the pair is between 19:00 and 04:30 GMT, when the daily range of volatility and volume is highest.
Is AUD/USD Good For Beginners?
AUD/USD is a good choice for beginners due to its liquidity and good conditions, in terms of both short-term and long-term trends. The pair is also very stable due to its strong dependency on popular commodities. You can always join a discussion forum or trading community for any AUD/USD trading tips.