The Australian dollar and U.S. dollar (AUD/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one Australian dollar (the base currency)
Trading the AUD/USD currency pair is also known as trading the "Aussie."
BREAKING DOWN AUD/USD (Australian Dollar/U.S. Dollar)
The value of the AUD/USD pair is quoted as 1 Australian dollar per X U.S. dollars. For example, if the pair is trading at 0.75 it means that it takes 0.75 U.S. dollars to buy 1 Australian dollar.