Forex Major
AUD/USD — Australian Dollar / US Dollar
0.3 – 1.4 pips · 50 – 90 pips
AUD/USD is a commodity and China proxy. Iron-ore prices, Chinese growth data and global risk appetite drive it more than domestic Australian numbers.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 AUD |
| Pip / tick value | 0.0001 → ca. 10 USD / 1.00 lot |
| Typical spread | 0.3 – 1.4 pips |
| Typical daily range | 50 – 90 pips |
| Best trading hours | Asian session and London open |
What moves this market
- ▸Chinese PMIs, credit data and commodity demand
- ▸RBA decisions and Australian employment data
- ▸Global equity risk appetite
Correlations to watch
- ▸Positive to NZD/USD (often above 0.85)
- ▸Positive to copper and equity indices
How traders approach it
- ▸Asian-session range trading before London
- ▸Risk-on momentum alongside index strength
- ▸Daily-level reversals after commodity spikes
Typical mistakes
- ▸Trading AUD and NZD longs together at full size
- ▸Ignoring Chinese data on the calendar
Related instruments
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