AUD/NZD Down 1 Pips On Hourly Chart, Came Into Today Down For the 4th Consecutive Day; Nears 20 Day Moving Average

Hourly Update

(Last Updated June 15, 2022 1:37 GMT)

Currently, AUDNZD’s rate is down -1 pips (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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)

AUDNZD is down 8 pips (0.07%) since the previous day (opening today near 1.1052), marking the 4th consecutive day a decline has happened. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 24th in terms of percentage change since the previous day. Let’s take a look at price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Notably, AUDNZD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days AUDNZD’s price has gone up 8 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.