Backtest AUD/USD for free
AUD/USD, the "Aussie", is a commodity currency that is sensitive to global risk appetite and to China. It is active in the Asian session, which makes it popular with traders outside Europe.
AUD/USD at a glance
- Pip: 0.0001
- Pip value (1 standard lot): about $10
- Busiest: Sydney, Tokyo and the London open
- Moves on: Reserve Bank of Australia, China data, commodities, risk sentiment
How AUD/USD behaves
Tends to rise when stock markets and commodity prices rise and fall when fear returns. It often ranges calmly in Asia and breaks out when London opens.
What moves AUD/USD
- Reserve Bank of Australia decisions and Australian jobs and inflation data
- China growth and demand for iron ore and other commodities
- Global risk sentiment and the US dollar
Tips for backtesting AUD/USD
- Backtest the Asian session separately: some strategies work there and not in London
- Watch for Chinese data releases
- Compare its moves with stock indices to see the risk link
Frequently asked questions
Why is the Australian dollar called a commodity currency?
Australia exports a lot of raw materials, so higher commodity prices tend to support the currency.
Which session is best for AUD/USD?
The Sydney and Tokyo sessions are active for the pair, and the London open often brings the largest moves. Test them one by one.