AUD/NZD Down 3 Pips On Hourly Chart, Moves Down For the 2nd Straight Day; Crosses 50 Day Moving Average
Compared to its peers in the forex, audnzd gave its buyers a return that ranked 18th in terms of percentage change since yesterday.
August 12, 2022 21:49 GMT
Over the past 91 days, the trend for AUDNZD’s price has been choppy and unclear. It has oscillated between $1.0943 and $1.116.
Over the past 135 days, AUDNZD’s price has been in a clear uptrend, growing by about $0.00 per day.
AUDNZD’s price has moved up $0.06 over the prior 32 months.
AUDNZD has a price of $1.1032, down 0.72% from its value 14 days prior.
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+ 500 – Internal server error
Compared to its peers in the forex, audnzd gave its buyers a return that ranked 18th in terms of percentage change since yesterday.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
Compared to its peers in the forex, audnzd gave its buyers a return that ranked 25th in terms of percentage change since the day prior.
Longer term fundamentals are also weighing on the nzd, as ongoing falls in dairy prices see further deterioration in the current account deficit.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
It should be noted, though, the 50 day simple moving average turned upwards, which may be a bullish sign.
The closest is the 20 day average, which is 4.9 pips away.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.