GBP/NZD Up 3 Pips in Last Hour, Came Into Today Up For the 2nd Straight Day; Crosses 20 Day Moving Average

Hourly Update

(Last Updated June 17, 2022 1:41 GMT)

At the time of this writing, GBPNZD’s rate is up 3 pips (0.02%) from the hour prior. This is the 2nd hour in a row GBPNZD has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend 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.

GBPNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBPNZD is up 60 pips (0.31%) since yesterday (opening today near 1.942), marking the 2nd straight day it has gone up. Relative to other instruments in the Forex asset class, GBPNZD ranked 19th yesterday in terms of percentage price change. Let’s take a look at price chart of GBPNZD.

GBPNZD

GBPNZD Technical Analysis

Notably, GBPNZD crossed above its 20 day moving average 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 20 day average, which is 48.3 pips away. For additional context, note that price has gone up 17 out of the past 30 days.