AUDNZD Down 3 Pips On Hourly Chart, 3 Day Down Streak Broken; Nears 20 and 50 Day Moving Averages

Hourly Update

(Last Updated April 19, 2021 2:14 GMT)

At the moment, AUDNZD’s rate is down -3 pips (-0.03%) from the hour prior. The hourly chart shows that AUDNZD has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning below it. 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)

AUDNZD, which opened today priced near 1.08253, is up 25 pips 0.23% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 7th in terms of percentage change since yesterday. Below 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, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 30.8 pips away. It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign. 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 14 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed up. For additional context, note that price has gone down 9 out of the past 14 days.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on AUDNZD, with 5 buy signals on our radar and 0 sell signals. This imputes a buy/sell ratio that’s infinite! But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Hello Trader, Here is the market analysis for this pair, Let me know in the comment section below if you have any questions, The entry will be taken only if all rules of the strategies will be satisfied.