AUDNZD Down 0 Pips in Last Hour, 2 Day Up Streak Ended; Doji and Evening Star Patterns Appearing on Chart

Hourly Update

(Last Updated April 9, 2021 3:14 GMT)

At the time of this writing, AUDNZD’s rate is down 0 pips (0%) 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 20 hour timeframe. 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)

The choppiness in the recent daily price action of AUDNZD continues; to start today, it came in at a price of 1.08417, down 20 pips (0.18%) since the day prior. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 22nd for the day in terms of price change. Below is a price chart of AUDNZD.


AUDNZD Technical Analysis

Moving average crossovers are always interesting, so let’s start there: AUDNZD crossed below its 20 day moving average yesterday. 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 4.4 pips away. Volatility for AUDNZD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days AUDNZD’s price has gone up 19 them. And for candlestick traders, a special treat: there are doji and evening star patterns showing up on the charts as well. Rejoice!