AUD/NZD 4 Hour Price Update
Updated June 19, 2020 09:18 AM GMT (05:18 AM EST)
AUD/NZD is up 2 pips (0.02%) since the last 4 hour candle (opening the current 4 hour candle near 1.0689), marking the 5th candle in a row an upward move has occurred. Relative to other instruments in the Forex asset class, AUD/NZD ranked 11th the last 4 hour candle in terms of percentage price change.
AUD/NZD End of Day Recap
Updated 00:30 GMT (04:30 EST)
A moment of silence, please, for the end of AUD/NZD’s 3 day down streak; price ended the day prior up 7 pips (0.07%) to finish the day at a rate of 1.06646. Compared to its peers in the Forex, AUD/NZD gave its buyers a return that ranked 15th in terms of percentage change since the day prior. Here is a price chart of AUD/NZD.
AUD/NZD Technical Analysis
Notably, the current price of AUD/NZD 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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down. Or to simplify this another way, note that out of the past 10 days AUD/NZD’s price has gone down 6 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.
The View From Around the Web
We’re seeing some traders come out with interesting conviction on AUDNZD, with 7 buy signals on our radar and 8 sell signals. This imputes a buy/sell ratio of 0.88, which is neutral. As for the rationale, technical traders seem to be citing the appearance of fibonacci and head and shoulders technical patterns. Here’s a piece we found on tradingview.com that we thought you might enjoy.