NZDUSD Up 5 Pips On Hourly Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated January 6, 2021 2:22 GMT)

At the time of this writing, NZDUSD’s rate is up 5 pips (0.06%) from the hour prior. This is the 3rd consecutive hour NZDUSD has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NZDUSD End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZDUSD is down 15 pips (0.21%) since yesterday (opening today near 0.71722), marking the 2nd consecutive day a decrease has occurred. Compared to its peers in the Forex, NZDUSD gave its buyers a return that ranked 20th in terms of percentage change since yesterday. Below is a price chart of NZDUSD.

NZDUSD

NZDUSD Technical Analysis

Notably, the current price of NZDUSD is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days NZDUSD’s price has gone up 7 them.