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The AUD/USD also tends to have a higher beta and is therefore more sensitive to rising or falling equity and commodity prices compared to other crosses. Consequently, traders will want to keep a close eye on the S&P500 in the US as well as the prices of gold and copper as they have a high positive correlation with AUD/USD. 7 hours ago · AUD/USD is staying in consolidation from 0.7339 temporary top and intraday bias remains neutral first. At this point, we’re favoring the bullish case that consolidation pattern from 0.7413 has AUD USD (Australian Dollar / US Dollar) The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were … Apr 20, 2020
Sep 21, 2020 · In every pair there is a base currency, for example AUD (Australian Dollar) and a quote currency, which would be USD (US Dollar). The price of a currency pair represents the amount of quote currency, or USD (US Dollar), that you will need to spend in order to purchase a single unit of AUD (Australian Dollar), the base currency. So using the