AUDNZD Down 2 Pips Over Past Hour, 4 Day Up Streak Broken; Sentiment Suggests Sellers in Charge

Hourly Update

(Last Updated October 12, 2021 0:13 GMT)

At the moment, AUDNZD’s rate is down -2 pips (-0.02%) 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. Regarding the trend, note that the strongest trend 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, which opened today priced near 1.05473, is down 1 pips 0.01% since the day prior, marking a reversal from the day prior — and the end of a 4 day positive run. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 19th in terms of percentage change since the day prior. Below is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Coming into today AUDNZD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 10 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDNZD; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

AUDNZD H1 SHORTCandle close below 23.6 FBSL 1.05750TP 1 : FB 61.8 FBTP 2 : 1.04900Discliamer ON.!!