What are the most favorable hours for trading AUD/USD in the world of cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  The most favorable hours for trading AUD/USD in the world of cryptocurrencies are typically during the overlap of the Australian and American trading sessions. This occurs from around 8:00 AM to 12:00 PM UTC. During this time, both the Australian and American markets are open, leading to increased trading volume and liquidity for the AUD/USD pair. It's important to note that market conditions can vary, so it's always a good idea to monitor the market and adjust your trading strategy accordingly.
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• Dec 27, 2021 · 3 years ago
  When it comes to trading AUD/USD in the world of cryptocurrencies, the best hours are usually during the Asian trading session. This is because the Australian dollar (AUD) is closely tied to the Asian markets, particularly China. The Asian session typically starts around 12:00 AM UTC and lasts until 8:00 AM UTC. During this time, there tends to be increased volatility and trading activity for the AUD/USD pair. However, it's important to keep in mind that market conditions can change, so it's always a good idea to stay updated and adapt your trading strategy accordingly.
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• Dec 27, 2021 · 3 years ago
  According to our analysis at BYDFi, the most favorable hours for trading AUD/USD in the world of cryptocurrencies are during the overlap of the Australian and American trading sessions. This is when we typically see the highest trading volume and liquidity for the AUD/USD pair. The Australian session starts at around 12:00 AM UTC and lasts until 8:00 AM UTC, while the American session starts at around 1:00 PM UTC and lasts until 10:00 PM UTC. During this overlap, traders have the opportunity to take advantage of increased market activity and potentially profit from price fluctuations.
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