AUDNZD Up 4 Pips in Last Hour, Makes Big Move Relative to Past Month; Moves Down For the 4th Consecutive Day

Hourly Update

(Last Updated May 28, 2021 1:15 GMT)

Currently, AUDNZD’s rate is up 4 pips (0.04%) from the hour prior. This is the 2nd hour in a row AUDNZD has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

AUDNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDNZD is down 91 pips (0.85%) since yesterday (opening today near 1.06342), marking the 4th consecutive day it has gone down. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 37th in terms of percentage change since yesterday. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Notably, the current price of AUDNZD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 200 day average, which is 110.5 pips away. It should be noted, though, the 100 day simple moving average turned downwards, which may be a bearish sign. For additional context, note that price has gone down 7 out of the past 10 days.