NZD/CAD Down 38 Pips in Last 4 Hours, 2 Day Up Streak Ended; in a Downtrend Over Past 90 Days

NZD/CAD 4 Hour Price Update

Updated March 25, 2020 01:38 PM GMT (09:38 AM EST)

The choppiness in the recent four-hour candle price action of NZD/CAD continues; to start the current 4 hour candle, it came in at a price of 0.8399, down 38 pips (0.45%) since the last 4 hour candle. Compared to its peers in the Forex, NZD/CAD gave its buyers a return that ranked 32nd in terms of percentage change since the last 4 hour candle.

NZD/CAD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for NZD/CAD, which started today off at 0.8416188, down 9 pips 0.11% from the day prior. Compared to its peers in the Forex, NZD/CAD gave its buyers a return that ranked 33rd in terms of percentage change since the day prior. Here is a price chart of NZD/CAD.

NZD/CAD Technical Analysis

Notably, NZD/CAD crossed below 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 3.1 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 14 days NZD/CAD’s price has gone down 10 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!