AUD/NZD Up 7 Pips On Hourly Chart; is Inching Close to 200 Day Average

Hourly Update

(Last Updated December 16, 2021 1:36 GMT)

At the moment, AUDNZD’s rate is up 7 pips (0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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 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 1.05736, up 31 pips (0.29%) from the day prior. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 19th in terms of percentage change since the day prior. Below is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Coming into today the current price of AUDNZD 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. 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 23.6 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days AUDNZD’s price has gone up 16 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDNZD; just 1 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; below is a short snippet from it to give you a taste.

For #AUDNZD my idea is short position. Please wait for completion of scenario and breaking the entry level.