AUDNZD Up 4 Pips On Hourly Chart, Underperforms All Forex; Moves Down For the 4th Day In A Row

Hourly Update

(Last Updated September 13, 2021 11:13 GMT)

At the moment, AUDNZD’s rate is up 4 pips (0.04%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDNZD has now gone up 4 of the past 5 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 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 is down 29 pips (0.28%) since yesterday (opening today near 1.03383), marking the 4th day in a row it has gone down. It may be worth observing that AUDNZD was the worst performer of the 39 members in the Forex asset class over the past day. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Notably, AUDNZD is now close to its 20 and 50 day averages, located at 1.0425 and 1.0514 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. For additional context, note that price has gone down 10 out of the past 14 days.