AUD/NZD Up 4 Pips in Last Hour, Nears 20 Day Moving Average; Doji and Pin Bar Patterns Appearing on Chart

Hourly Update

(Last Updated September 24, 2021 1:43 GMT)

At the time of this writing, AUDNZD’s rate is up 4 pips (0.04%) from the hour prior. AUDNZD has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 entered today at 1.03258, down 24 pips (0.23%) from the previous day. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 27th in terms of percentage change since the previous day. Let’s take a look at 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. 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 8 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.