AUD/NZD Down 2 Pips in Last Hour, Came Into Today Up For the 4th Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated June 3, 2022 1:36 GMT)

At the moment, AUDNZD’s rate is down -2 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 up 6 pips (0.05%) since yesterday (opening today near 1.10757), marking the 4th consecutive day an upward move has occurred. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 23rd in terms of percentage change since yesterday. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Coming into today 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. 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 10 them.