AUD/NZD Down 6 Pips On Hourly Chart; 4 Day Down Streak Broken

Hourly Update

(Last Updated June 16, 2022 1:36 GMT)

Currently, AUDNZD’s rate is down -6 pips (-0.06%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 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, which opened today priced near 1.1137, is up 85 pips 0.77% since yesterday, marking a reversal from the day prior — and the end of a 4 day negative run. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 8th in terms of percentage change since yesterday. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Coming into today AUDNZD is now close to its 20, 50 and 100 day averages, located at 1.1046, 1.0997 and 1.0871 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.