(Last Updated April 5, 2021 2:14 GMT)
Currently, AUDNZD’s rate is up 6 pips (0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on AUDNZD; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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)
A moment of silence, please, for the end of AUDNZD’s 3 day down streak; price ended the day prior up 1 pips (0.01%) to finish the day at a rate of 1.08454. Relative to other instruments in the Forex asset class, AUDNZD ranked 17th the day prior in terms of percentage price change. Below is a price chart of AUDNZD.
AUDNZD Technical Analysis
Coming into today AUDNZD is now close to its 20, 50, 100 and 200 day averages, located at 1.0827, 1.0754, 1.0696 and 1.0736 respectively, and thus may be at a key juncture along those timeframes. 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 20 day average, which is 18.7 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days AUDNZD’s price has gone up 18 them. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!