AUD Emerges as Strongest Currency Across Multiple Horizons

A new analysis of currency strength has ranked major currencies based on their relative performance over short-term and medium-term horizons.

The report, which uses a relative strength index to evaluate each currency, found that the Australian dollar (AUD) is currently the strongest in both time frames, while the Swiss franc (CHF) is consistently among the weakest.

In the short term, the AUD/CHF pair was identified as strongly bullish, indicating that the AUD tends to perform better against the CHF. In contrast, the EUR/AUD pair had the narrowest differential in the medium term, making it a range-bound currency pair.

The analysis also highlighted the USD's strength in the medium term, with the USD/CHF pair emerging as strongly bullish.