How to trade
AUD/USD

The worldwide economic landscape leans on forex and currency pairs trading. Investors eager to understand how to trade AUDUSD must realize the factors forming the synergy between two powerhouse economies from opposite ends of the Pacific.

How to trade AUDUSD?

The AUDUSD, often referred to as "Aussie," presents a dynamic interplay between Australia's resource-intensive economy and the United States' diverse financial landscape. For those taking their first steps into this major currency pair, the SimpleFX platform offers a demo account. Thanks to this feature, newcomers can gain firsthand experience on how to trade AUDUSD without risking real assets.

After switching to a live account, they can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade AUDUSD?

In the world of forex, timing is usually essential for making more informed and confident decisions in the market. It is accessible 24/5, and investors can trade AUDUSD during workdays.

However, there is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is The AUDUSD price going up or down?

To analyze the direction of AUDUSD, investors must consider a broad spectrum of impacting factors. From Australia's commodity exports, particularly iron ore and coal, to the USA's monetary policies and economic indicators, each factor leaves an imprint on the pair's trajectory. Beyond these, global geopolitical events, trade relations, and even unexpected occurrences like natural disasters can impact the Aussie.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current AUDUSD price on the chart above or the SimpleFX Webtrader platform.

Is AUDUSD a popular currency pair?

AUDUSD holds a spot in the forex landscape as one of the major currency pairs. The dynamic interrelation between the Australian and US economies ensures that the "Aussie" remains a focal point for traders worldwide. Trading this pair provides not just an insight into the Pacific economies but also offers a barometer for global economic health.