(Last Updated February 19, 2021 23:14 GMT)
At the time of this writing, AUDNZD’s rate is down -3 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 1.07608, down 22 pips (0.2%) from the day prior. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 34th in terms of percentage change since the day prior. Let’s take a look at price chart of AUDNZD.
AUDNZD Technical Analysis
The first thing we should note is that 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 200 day average, which is 36.3 pips away. It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign. 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 17 out of the past 30 days. We’re also seeing a bearish engulfing pattern form over the past two candles, which suggests the uptrend on the 14 day