AUDNZD Down 1 Pips in Last Hour, Entered Today Up For the 2nd Day In A Row; is Inching Close to 20 Day Average

Hourly Update

(Last Updated September 8, 2021 0:13 GMT)

Currently, AUDNZD’s rate is down -1 pips (-0.01%) from the hour prior. AUDNZD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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 up 10 pips (0.1%) since the day prior (opening today near 1.04213), marking the 2nd day in a row an upward move has occurred. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 7th for the day in terms of 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, 100 and 200 day averages, located at 1.0446, 1.0542, 1.0647 and 1.0687 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. Or to simplify this another way, note that out of the past 30 days AUDNZD’s price has gone down 18 them.