NZD/USD Down 14 Pips Over Past Hour, Came Into Today Down For the 3rd Day In A Row; in a Downtrend Over Past 30 Days

Hourly Update

(Last Updated September 22, 2022 1:42 GMT)

At the time of this writing, NZDUSD’s rate is down -14 pips (-0.23%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NZDUSD has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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.

NZDUSD End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZDUSD is down 37 pips (0.63%) since the previous day (opening today near 0.5852), marking the 3rd day in a row a decrease has occurred. Out of the 39 instruments in the Forex asset class, NZDUSD ended up ranking 27th for the day in terms of price change. Let’s take a look at price chart of NZDUSD.

NZDUSD

NZDUSD Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 8 out of the past 14 days.