AUDNZD Up 13 Pips in Last Hour; is Inching Close to 20 Day Average

Hourly Update

(Last Updated September 30, 2021 2:13 GMT)

At the moment, AUDNZD’s rate is up 13 pips (0.13%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AUDNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for AUDNZD, which started today off at 1.03558, up 30 pips 0.29% from the previous day. Relative to other instruments in the Forex asset class, AUDNZD ranked 7th the previous day in terms of percentage price change. Let’s take a look at price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

The first thing we should note is that AUDNZD is now close to its 20, 50 and 100 day averages, located at 1.0363, 1.0448 and 1.0588 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days.