AUDNZD Down 3 Pips On Hourly Chart, Moves Down For the 3rd Day In A Row; is Inching Close to 100 and 200 Day Averages

Hourly Update

(Last Updated April 30, 2021 4:14 GMT)

At the time of this writing, AUDNZD’s rate is down -3 pips (-0.03%) from the hour prior. The hourly chart shows that AUDNZD has seen 3 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

AUDNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDNZD is down 2 pips (0.02%) since yesterday (opening today near 1.07307), marking the 3rd day in a row it has gone down. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 26th for the day in terms of price change. Let’s take a look at price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Coming into today AUDNZD is now close to its 20, 50, 100 and 200 day averages, located at 1.0804, 1.0796, 1.0747 and 1.075 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 100 day average, which is 16.3 pips away. It should be noted, though, the 200 day simple moving average turned downwards, which may be a bearish sign. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 18 out of the past 30 days.