AUDNZD Up 1 Pips Over Past Hour, Moves Down For the 2nd Straight Day; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
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.
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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.
AUDNZD: The Monthly View
Monthly trend: strongest on the 120 month timeframe.
AUDNZD Up 2 Pips Over Past Hour, Came Into Today Down For the 2nd Straight Day; in a Downtrend Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
AUDNZD Down 9 Pips On Hourly Chart; in a Downtrend Over Past 14 Days
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.
AUDNZD Up 1 Pips in Last Hour; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
AUDNZD Up 4 Pips Over Past Hour, 2 Day Up Streak Ended; in a Downtrend Over Past 30 Days
It’s been a feast for bulls operating on an hourly timeframe, as audnzd has now gone up 4 of the past 5 hours.
AUD/NZD Up 3 Pips On Hourly Chart, 3 Day Down Streak Broken; in a Downtrend Over Past 14 Days
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
AUDNZD Down 1 Pips in Last Hour, Moves Down For the 3rd Day In A Row; in a Downtrend Over Past 14 Days
Compared to its peers in the forex, audnzd gave its buyers a return that ranked 35th in terms of percentage change since the previous day.
AUDNZD Down 1 Pips Over Past Hour; Moves Down For the 3rd Day In A Row
Relative to other instruments in the forex asset class, audnzd ranked 35th the previous day in terms of percentage price change.
AUD/NZD Up 1 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; 4 Day Up Streak Snapped
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
AUDNZD Down 3 Pips Over Past Hour; Moves Down For the 2nd Consecutive Day
Price action traders may also wish to note that we see a doji candlestick pattern on audnzd.