AUDNZD Down 2 Pips in Last Hour, Breaks Below 200 Day Average; in a Downtrend Over Past 30 Days
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
AUDNZD
(Last Updated November 24, 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
If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for AUDNZD.
AUDNZD Moving Averages
The moving averages on AUDNZD summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bearish, suggesting the trend is generally downward, aside from a rally about 6 months prior.
The chart below illustrates.
Regarding AUDNZD’s correlations over the past 7 days, it has demonstrated the strongest correlation with USDNOK. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDNZD is USDTRY. Alternatively, TRYJPY 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. 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 time of this writing, AUDNZD’s rate is down -0.0013 (-0.13%) from the week prior. AUDNZD has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. As for the trend on the weekly timeframe, we see the clearest trend on the 20 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. 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 Down 7 Pips in Last Hour, 2 Day Down Streak Snapped; Crosses 200 Day Moving Average
This move is a reversal from the hour prior, which saw price move up.
AUDNZD Down 3 Pips in Last Hour, Entered Today Down For the 2nd Consecutive Day; Crosses 20 and 200 Day Moving Averages
It’s been a feast for bears operating on an hourly timeframe, as audnzd has now gone down 4 of the past 5 hours.
AUDNZD Down 8 Pips in Last Hour, 5 Day Up Streak Ended; Price Base in Formation Over Past 90 Days
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.
AUDNZD Down 16 Pips On Hourly Chart, Moves Up For the 5th Consecutive Day; Price Base in Formation Over Past 14 and 90 Days
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
AUDNZD Down 1 Pips On Hourly Chart, Entered Today Up For the 4th Day In A Row; Price Base in Formation Over Past 90 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
AUDNZD Down 16 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 3rd Consecutive Day
It should be noted, though, the 100 day simple moving average turned upwards, which may be a bullish sign.
AUDNZD Down 1 Pips Over Past Hour, Moves Up For the 2nd Straight Day; Breaks Above 200 Day Average
The closest is the 200 day average, which is 0.5 pips away.
AUDNZD Down 5 Pips in Last Hour, 4 Day Down Streak Snapped; Eyes 200 Day Average
The closest is the 200 day average, which is 10.3 pips away.
AUDNZD Up 2 Pips Over Past Hour, Moves Down For the 4th Consecutive Day; in a Downtrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.