AUD/USD

0.69189
2.29%
Daily
  • L. 0.69186
  • H. 0.70824
  • Ch. -0.01583
  • Ch.% -2.29%
Overview
Costs & Margins
  • AUD/USD is the exchange rate between the US dollar and the Australian dollar, and is a popular forex pair among currency traders. AUD is the base currency in the pair, while USD is the quote – meaning AUD/USD tells you how many US dollars you need to buy a single AUD.

    The market is called the ‘Aussie’ by FX traders. The Australian dollar is one of the best-known ‘commodity currencies’, as the Australian economy is driven in large part by exporting iron ore, gas, coal and gold. As such, low commodity prices can see the pair fall, while it may rise when commodity prices are high.

  • Margin From
    3.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    -0.52
  • Short
    0.02
  • Min Stop Distance
    0.0001 points
  • Spreads
  • Spreads From
    0.00015 Points
  • Margins
  • 0 - 13000 000
    3.0 %
  • 13000 000 - 25000 000
    3.0 %
  • 25000 000 - 38000 000
    3.0 %
  • 38000 000 - 95000 000
    3.0 %
  • 95000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.00015 Points
  • Margins
  • 0 - 13000 000
    3.0 %
  • 13000 000 - 25000 000
    3.0 %
  • 25000 000 - 38000 000
    3.0 %
  • 38000 000 - 95000 000
    3.0 %
  • 95000 000 +
    20.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
0.70100
Bid
0.70404
Offer
0.70409
Distance
0
Last Updated: 1/23/2023 10:00:00 PM

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Forex explained

What is forex?

Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

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How to trade forex

In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

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