AUDNZD Up 7 Pips Over Past Hour, Moves Down For the 3rd Straight Day; in a Downtrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on audnzd.
AUDNZD
(Last Updated October 28, 2020)
Welcome to the news page for AUDNZD (AUDNZD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on AUDNZD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
AUDNZD Moving Averages
The moving averages on AUDNZD summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bearish, implying a downward trend, aside from a rally about 6 months prior.
Below is a chart showing AUDNZD’s price with its moving averages.
In terms of correlations over the past week for AUDNZD, it has demonstrated the strongest correlation with EURNZD. Over the past 14 days, however, the asset showing the strongest correlation to AUDNZD is AUDJPY. Alternatively, USDHKD has been the asset least correlated with AUDNZD — but over the past two weeks, NZDCHF has been the asset least correlated with AUDNZD. See the chart below to observe the recent price action in AUDNZD versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, AUDNZD’s rate is down -0.0041 (-0.38%) from the week prior. Moreover, note that the weekly chart shows that AUDNZD has seen 3 straight down weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. AUDNZD’s weekly price action over the past 52 weeks can be seen via the chart below.
AUDNZD: The Monthly View
Monthly trend: strongest on the 120 month timeframe.
AUDNZD Up 8 Pips Over Past Hour, Moves Down For the 3rd Straight Day; in a Downtrend Over Past 14 Days
Compared to its peers in the forex, audnzd gave its buyers a return that ranked 22nd in terms of percentage change since yesterday.
AUDNZD Up 6 Pips On Hourly Chart, Came Into Today Down For the 2nd Straight Day; Breaks Below 200 Day Average
The closest is the 200 day average, which is 3.1 pips away.
AUDNZD Up 7 Pips Over Past Hour, in a Downtrend Over Past 30 Days; Nears 200 Day Moving Average
The closest is the 200 day average, which is 34.9 pips away.
AUDNZD Up 3 Pips On Hourly Chart, 2 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
The closest is the 200 day average, which is 40 pips away.
AUDNZD Up 11 Pips in Last Hour, Came Into Today Down For the 2nd Straight Day; in a Downtrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move down.
AUDNZD Up 1 Pips Over Past Hour, 7 Day Down Streak Ended; in a Downtrend Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
AUDNZD Down 4 Pips Over Past Hour; 7 Day Down Streak Ended
The closest is the 100 day average, which is 70.5 pips away.
AUDNZD Up 5 Pips On Hourly Chart, Came Into Today Down For the 7th Straight Day; in a Downtrend Over Past 30 Days
Price action traders may also wish to note that we see a doji candlestick pattern on audnzd.
AUDNZD Down 6 Pips On Hourly Chart; Moves Down For the 6th Straight Day
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.