(Last Updated December 16, 2021 1:43 GMT)
Currently, NZDCAD’s rate is down -6 pips (-0.06%) from the hour prior. The hourly chart shows that NZDCAD has seen 2 straight down hours. 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.
NZDCAD End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDCAD is up 35 pips (0.4%) since the previous day (opening today near 0.87036702), marking the 6th day in a row an increase has occurred. Compared to its peers in the Forex, NZDCAD gave its buyers a return that ranked 14th in terms of percentage change since the previous day. Here is a price chart of NZDCAD.
NZDCAD Technical Analysis
First things first: NZDCAD 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 0.2 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 6 out of the past 10 days.