AUD/NZD 4 Hour Price Update
Updated June 26, 2020 01:09 PM GMT (09:09 AM EST)
AUD/NZD is down 1 pips (0.01%) since the previous 4 hours (opening the current 4 hour candle near 1.0684), marking the 3rd candle in a row a decrease has occurred. Relative to other instruments in the Forex asset class, AUD/NZD ranked 14th the previous 4 hours in terms of percentage price change.
AUD/NZD End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUD/NZD entered today at 1.07117, up 1 pips (0.01%) from the previous day. Relative to other instruments in the Forex asset class, AUD/NZD ranked 27th the previous day in terms of percentage price change. The price chart of AUD/NZD below illustrates.
AUD/NZD Technical Analysis
The first thing we should note is that AUD/NZD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 14.2 pips away. It should be noted, though, the 50 day simple moving average turned upwards, which may be a bullish sign. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. Or to simplify this another way, note that out of the past 30 days AUD/NZD’s price has gone up 16 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.