How to trade this currency pair
The AUD/USD is among the most popular currency pairs is the world today. If you want to take advantage of this opportunity, you need to be with a brokerage that provides everything that you need to trade successfully and maximize the returns. Below are the brands that we recommend for trading this pair:
Brokers that offer AUD/USD trading
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
The listed brokers above are trustworthy and have been fully tested so your funds are more protected. They consistently rank very high based on our expert reviews and customer ratings.
Also known as the Aussie, the AUD/USD pair is considered to be very liquid due to the fact that the Australian dollar is among the most traded currencies in the market. Australia is also one of the biggest exporter of commodities which is also another major factor why its national currency is one of the most actively traded globally. Differences in interest rates and policies set by the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA) can have a significant effect on this pair. The AUD/USD has a negative correlation to the USD/CAD, USD/JPY and USD/CHF pairs due to their nature of having the US dollar as the base currency. However, it could also have a positive correlation to the USD/CAD because Australia and Canada’s economies are both resource-based.
Why trade this currency pair
The AUD/USD is one of the most popular currency pairs in the forex market and a lot of factors make them a highly profitable asset for traders. With high interest rates from Australia and an economy that is seen to grow robustly in the coming years, you should take this opportunity to place your investments on this pair with a trusted and regulated brokerage. Be sure to register with one of our recommended brokers for a hassle-free trading experience.