Compared to its peers in the forex, nzdusd gave its buyers a return that ranked 8th in terms of percentage change since the previous day.
Volatility for nzdjpy has been contracting over the past two weeks relative to volatility over the past month.
The closest is the 100 day average, which is 10.9 pips away.
The closest is the 20 day average, which is 139.6 pips away.
Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpusd.
The closest is the 50 day average, which is 118.3 pips away.
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.
Judging by the price action at this moment we give a higher probability for the price to break out of the trading range to the upside.
The closest is the 20 day average, which is 85.1 pips away.
Or to simplify this another way, note that out of the past 10 days gbpaud’s price has gone up 6 them.