AUD/NZD Up 1 Pips On Hourly Chart, 3 Day Up Streak Ended; Nears 20 Day Moving Average

Hourly Update

(Last Updated September 22, 2021 1:46 GMT)

At the time of this writing, AUDNZD’s rate is up 1 pips (0.01%) from the hour prior. This is the 3rd hour in a row AUDNZD has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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)

After 3 up days, AUDNZD snaps its streak, falling 26 pips (-0.25%) over the past day to close at an exchange rate of 1.03276. Relative to other instruments in the Forex asset class, AUDNZD ranked 22nd yesterday in terms of percentage price change. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Notably, the current price of AUDNZD is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 6 out of the past 10 days.