It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
The closest is the 100 day average, which is 70.5 pips away.
Price action traders may also wish to note that we see a doji candlestick pattern on audnzd.
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.
Or to simplify this another way, note that out of the past 30 days audnzd’s price has gone down 18 them.
This move is a reversal from the hour prior, which saw price move down.
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The closest is the 50 day average, which is 27.4 pips away.