NZD/CAD 4 Hour Price Update
Updated June 22, 2020 01:11 PM GMT (09:11 AM EST)
NZD/CAD is up 19 pips (0.22%) since the previous 4 hours (opening the current 4 hour candle near 0.8762), marking the 3rd candle in a row an upward move has occurred. Relative to other instruments in the Forex asset class, NZD/CAD ranked 5th the previous 4 hours in terms of percentage price change.
NZD/CAD End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZD/CAD entered today at 0.8719822075, up 4 pips (0.04%) from the previous day. Out of the 40 instruments in the Forex asset class, NZD/CAD ended up ranking 12th for the day in terms of price change. Below is a price chart of NZD/CAD.
NZD/CAD Technical Analysis
The first thing we should note is that NZD/CAD is now close to its 20, 50 and 200 day moving averages, which may act as price barrier for the asset. 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 15.2 pips away. Volatility for NZD/CAD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!