AUDNZD Down 3 Pips On Hourly Chart, Moves Up For the 4th Straight Day; Nears 100 Day Moving Average

Hourly Update

(Last Updated October 8, 2021 10:13 GMT)

At the moment, AUDNZD’s rate is down -3 pips (-0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 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 is up 20 pips (0.19%) since the day prior (opening today near 1.05481), marking the 4th straight day it has gone up. Compared to its peers in the Forex, AUDNZD gave its buyers a return that ranked 16th in terms of percentage change since the day prior. Below is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Coming into today AUDNZD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 9 out of the past 10 days.