AUD/NZD Up 1 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days

Hourly Update

(Last Updated September 8, 2021 1:43 GMT)

At the moment, AUDNZD’s rate is up 1 pips (0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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)

The back and forth price flow continues for AUDNZD, which started today off at 1.0408, down 13 pips 0.13% from the day prior. Relative to other instruments in the Forex asset class, AUDNZD ranked 29th the day prior in terms of percentage price change. The price chart of AUDNZD below illustrates.

AUDNZD

AUDNZD Technical Analysis

Coming into today AUDNZD is now close to its 20, 50 and 100 day averages, located at 1.0442, 1.0535 and 1.0643 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 down over that time. Or to simplify this another way, note that out of the past 30 days AUDNZD’s price has gone down 19 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!