AUDNZD Up 5 Pips in Last Hour, in a Downtrend Over Past 14 Days; Eyes 50, 100 and 200 Day Averages

Hourly Update

(Last Updated April 26, 2021 3:14 GMT)

Currently, AUDNZD’s rate is up 5 pips (0.05%) from the hour prior. The hourly chart shows that AUDNZD has seen 3 straight up hours. 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. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, so that price is now turning above them. 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)

The choppiness in the recent daily price action of AUDNZD continues; to start today, it came in at a price of 1.07577, down 9 pips (0.09%) since the previous day. Relative to other instruments in the Forex asset class, AUDNZD ranked 28th the previous day in terms of percentage price change. The price chart of AUDNZD below illustrates.

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 200 day average, which is 9.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 7 out of the past 10 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDNZD; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.