AUDUSD runs higher. The AUD is the running with the JPY for the biggest mover today

Risk on flows on the back of the higher stocks, lower yields, lower dollar. The AUD is just behind the JPY as the strongest of the currencies vs the USD. The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar Read this Term is currently up around 1.87%. The JPY is up around 2.0% in volatile trading.

Looking at the daily chart of the AUDUSD, the price has moved above a swing area between 0.68284 and 0.68597 (see daily chart above). That area is now support on the daily chart. Stay above is more bullish. On the topside the next key target comes in at the 200 day MA at 0.6903. Just above that is the 50% of the 2022 trading range at 0.69151.

The current price is trading at 0.6870 just of the high price of 0.6877. Buyers are making their play.

The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term meanwhile is trading below its 200 day moving average 135.265. The price has been trading above and below the level, but is back below and also below the 135.00 level. The pair is trading at 134.899 currently.