What is AUD currency?

This currency pair is also known as the "Aussie". Together with the New Zealand Dollar and the Canadian Dollar, the AUD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).

What is the AUDUSD pair?

The AUDUSD pair, also called the “Aussie”, tells the trader how many US dollars (the quote currency) are needed to purchase one Australian dollar (the base currency). This currency pair is also known as the "Aussie".

Is AUD/USD completing the last leg of the head and shoulder pattern?

AUD/USD is completing the last leg of the Head and Shoulder chart pattern on a four-hour scale. The aforementioned chart pattern is a prolonged consolidation and a breakdown of the neckline plotted from the January 10 low at 0.6860 will trigger a bearish reversal.

Why is the Aud a gross measure of market activity?

It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the AUD, while a low reading is negative.