AUDNZD

(Last Updated April 15, 2021)

Welcome to the news page for AUDNZD (AUDNZD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for AUDNZD

metric_name	reference_period	asset_name	asset_id	date	time	forecast	outcome
Australia Employment Change	Mar 2021	Australian Dollar	AUD	2021-04-15	01:30 GMT	35K	70.7K
Australia Unemployment Rate	Mar 2021	Australian Dollar	AUD	2021-04-15	01:30 GMT	5.7%	5.6%
Australia Participation Rate	Mar 2021	Australian Dollar	AUD	2021-04-15	01:30 GMT	66.1%	66.3%
New Zealand Business NZ PMI	Mar 2021	New Zealand Dollar	NZD	2021-04-15	22:30 GMT
Australia HIA New Home Sales MoM	Mar 2021	Australian Dollar	AUD	2021-04-16	03:00 GMT

The Trend

A trend/countertrend situation exists on AUDNZD, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 and 30 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.

AUDNZD Moving Averages

Across several time periods between 20 and 200 days, the trend on AUDNZD has remained consistently bullish.

Below is a chart showing AUDNZD’s price with its moving averages.

Regarding AUDNZD’s correlations over the past 7 days, it has been most correlated with EURGBP. Over the past 14 days, however, the asset showing the strongest correlation to AUDNZD is USDMXN. Alternatively, AUDUSD has been the asset least correlated with AUDNZD — but if we observe the prior two weeks, the asset least correlated with AUDNZD has been CADJPY. The chart below illustrates AUDNZD against its least correlated assets.

The View From the Weekly Timeframe

Currently, AUDNZD’s rate is down -11 pips (-0.1%) from the week prior. Moreover, note that this is the 3rd consecutive week AUDNZD has seen its price head down. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on AUDNZD. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly 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. The weekly chart below shows AUDNZD’s price action over the past year.