(Last Updated December 30, 2020 2:22 GMT)
At the moment, NZDUSD’s rate is up 14 pips (0.2%) from the hour prior. The hourly chart shows that NZDUSD has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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)
The back and forth price flow continues for NZDUSD, which started today off at 0.71462, up 50 pips 0.7% from yesterday. Relative to other instruments in the Forex asset class, NZDUSD ranked 2nd yesterday in terms of percentage price change. Let’s take a look at price chart of NZDUSD.
NZDUSD Technical Analysis
Coming into today 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. For additional context, note that price has gone up 17 out of the past 30 days.