(Last Updated April 1, 2021 0:14 GMT)
At the time of this writing, AUDNZD’s rate is down -1 pips (-0.01%) 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. Price action traders may also wish to note that we see a doji candlestick pattern on AUDNZD. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 1.08832, down 21 pips (0.19%) since the previous day. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 33rd for the day in terms of 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 1.0809, 1.0748, 1.0689 and 1.0733 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 74.7 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.