(Last Updated March 26, 2021 23:14 GMT)
Currently, AUDNZD’s rate is up 3 pips (0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
AUDNZD End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUDNZD is up 9 pips (0.09%) since the day prior (opening today near 1.09003), marking the 4th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, AUDNZD ranked 23rd the day prior in terms of percentage price change. Let’s take a look at price chart of AUDNZD.
AUDNZD Technical Analysis
Notably, AUDNZD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 20 day average, which is 123 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 12 out of the past 14 days. Also, candlestick traders! Note we see doji pattern appearing here as well.
The View From Around the Web
Not much commentary on AUDNZD that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
Audnzd may reach new resistance.Please consider to put a like to my idea for supporting me & subscribe for more ideas.Idea is not the financial advice!