AUDNZD Up 3 Pips in Last Hour, Came Into Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

Hourly Update

(Last Updated March 26, 2021 1:14 GMT)

At the moment, AUDNZD’s rate is up 3 pips (0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AUDNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDNZD is up 8 pips (0.07%) since the day prior (opening today near 1.0891), marking the 3rd day in a row an increase has occurred. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 12th in terms of percentage change since the day prior. Let’s take a look at price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

The first thing we should note is that AUDNZD is now close to its 20, 50, 100 and 200 day averages, located at 1.0766, 1.074, 1.0682 and 1.0729 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 124.8 pips away. 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 10 days AUDNZD’s price has gone up 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!