AUD/NZD Down 5 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 13, 2022 1:34 GMT)

At the moment, AUDNZD’s rate is down -5 pips (-0.04%) from the hour prior. This is the 2nd straight hour AUDNZD has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 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 is down 37 pips (0.33%) since the previous day (opening today near 1.10816), marking the 2nd consecutive day a decline has happened. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 20th for the day in terms of price change. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

The first thing we should note is that the current price of AUDNZD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days AUDNZD’s price has gone up 9 them.