AUDNZD Down 0 Pips in Last Hour, Came Into Today Up For the 2nd Straight Day; Crosses 50 and 100 Day Moving Averages

Hourly Update

(Last Updated June 10, 2021 7:14 GMT)

At the moment, AUDNZD’s rate is down 0 pips (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AUDNZD has now gone down 5 of the past 5 hours. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AUDNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDNZD is up 19 pips (0.18%) since the day prior (opening today near 1.07752), marking the 2nd straight day an increase has occurred. Out of the 39 instruments in the Forex asset class, AUDNZD ended up ranking 6th for the day in terms of price change. Here is a price chart of AUDNZD.

AUDNZD

AUDNZD Technical Analysis

Notably, AUDNZD crossed above its 50 and 100 day moving averages yesterday. 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 50 day average, which is 7.5 pips away. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to simplify this another way, note that out of the past 30 days AUDNZD’s price has gone up 17 them.