(Last Updated June 17, 2022 1:35 GMT)
Currently, AUDNZD’s rate is down -14 pips (-0.12%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDNZD has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on AUDNZD. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 choppiness in the recent daily price action of AUDNZD continues; to start today, it came in at a price of 1.1072, down 65 pips (0.58%) since the day prior. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 29th for the day in terms of price change. Let’s take a look at price chart of AUDNZD.
AUDNZD Technical Analysis
Notably, the current price of AUDNZD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for AUDNZD; just 2 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
aud strength will cause a push up on this pair.got in at 1.07 took partials at 1.11 and riding the rest to 1.14