(Last Updated August 4, 2022 1:45 GMT)
At the time of this writing, NZDUSD’s rate is down -2 pips (-0.03%) from the hour prior. NZDUSD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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.
NZDUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDUSD entered today at 0.627, up 14 pips (0.22%) from yesterday. Relative to other instruments in the Forex asset class, NZDUSD ranked 17th yesterday in terms of percentage price change. Below is a price chart of NZDUSD.
NZDUSD Technical Analysis
Coming into today NZDUSD is now close to its 20 and 50 day averages, located at 0.6217 and 0.6296 respectively, and thus may be at a key juncture along those timeframes. 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. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. For additional context, note that price has gone up 7 out of the past 10 days.