AUD/NZD Up 11 Pips in Last Hour, 3 Day Up Streak Snapped; Nears 20 Day Moving Average

Hourly Update

(Last Updated July 29, 2022 1:36 GMT)

At the moment, AUDNZD’s rate is up 11 pips (0.1%) from the hour prior. The hourly chart shows that AUDNZD has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 53 pips (-0.47%) over the past day to close at an exchange rate of 1.1107. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 24th in terms of percentage change since yesterday. 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 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 16 out of the past 30 days.