(Last Updated September 30, 2021 21:31 GMT)
At the time of this writing, AUDNZD’s rate is up 4 pips (0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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)
AUDNZD is up 41 pips (0.39%) since yesterday (opening today near 1.04491), marking the 4th day in a row it has gone up. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 11th in terms of percentage change since yesterday. Below is a price chart of AUDNZD.
AUDNZD Technical Analysis
First things first: AUDNZD crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. For additional context, note that price has gone up 9 out of the past 14 days.