AUDNZD Down 9 Pips in Last Hour, Eyes 200 Day Average; Doji Pattern Appearing on Chart
This is a reversal of the price action on the previous hour, in which price moved up.
AUDNZD
(Last Updated February 24, 2021)
Hello! This is the news page for 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 Wage Price Index YoY | Q4 2020 | Australian Dollar | AUD | 2021-02-24 | 00:30 GMT | 1.1% | 1.4% |
| Australia Wage Price Index QoQ | Q4 2020 | Australian Dollar | AUD | 2021-02-24 | 00:30 GMT | 0.3% | 0.6% |
| Australia Construction Work Done QoQ | Q4 2020 | Australian Dollar | AUD | 2021-02-24 | 00:30 GMT | 1% | -0.9% |
| New Zealand Interest Rate Decision | 2021 | New Zealand Dollar | NZD | 2021-02-24 | 01:00 GMT | 0.25% | 0.25% |
| New Zealand RBNZ Press Conference | NA | New Zealand Dollar | NZD | 2021-02-24 | 02:00 GMT |
The Trend
If we observe the 90 and 14 day timeframes, we see an uptrend in place for AUDNZD.
AUDNZD Moving Averages
Nuances in the trend on AUDNZD can be understood by observing the behavior of its moving averages. The 20 and 50 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. Ultimately, this suggests a bullish trend on shorter timeframes, compared to a bearish trend when observing more than 3 months of data. Moreover, today we saw the 100 and 200 moving average turn bearish.
Below is a chart showing AUDNZD’s price with its moving averages.
As for assets in the Forex asset class AUDNZD has been correlated to over the past week, it has been most correlated with GBPAUD. If we zoom out to a two week basis, though, AUDJPY is the asset most correlated to AUDNZD. On the flip side, GBPJPY has been the asset least correlated with AUDNZD — but if we observe the prior two weeks, NZDCAD has been the asset least correlated with AUDNZD. 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 -3 pips (-0.03%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. 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. AUDNZD’s weekly price action over the past 52 weeks can be seen via the chart below.
AUDNZD: The Monthly View
Strongest trend on the 120 month timeframe.
AUDNZD Down 0 Pips Over Past Hour, Entered Today Up For the 8th Day In A Row; Price Base in Formation Over Past 90 Days
The closest is the 200 day average, which is 27.8 pips away.
AUDNZD Down 13 Pips in Last Hour, Moves Up For the 7th Day In A Row; Doji Pattern Appearing on Chart
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 Down 5 Pips On Hourly Chart, Moves Up For the 5th Consecutive Day; Price Base in Formation Over Past 90 Days
Relative to other instruments in the forex asset class, audnzd ranked 9th the previous day in terms of percentage price change.
AUDNZD Up 1 Pips On Hourly Chart, Entered Today Up For the 4th Day In A Row; is Inching Close to 20, 50, 100 and 200 Day Averages
Price action traders may also wish to note that we see a doji candlestick pattern on audnzd.
AUDNZD Up 1 Pips in Last Hour, Moves Up For the 4th Day In A Row; in a Downtrend Over Past 14 Days
Of note is that the 200 hour changed directions on audnzd; it is now pointing down.
AUDNZD Down 6 Pips Over Past Hour, in a Downtrend Over Past 14 Days; Eyes 50 Day Average
Or to simplify this another way, note that out of the past 14 days audnzd’s price has gone down 9 them.
AUDNZD Up 7 Pips On Hourly Chart, Breaks Below 50 Day Average; Price Base in Formation Over Past 30 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
AUDNZD Down 14 Pips in Last Hour, Crosses 50 Day Moving Average; Price Base in Formation Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
AUDNZD Down 1 Pips Over Past Hour, Breaks Below 50 Day Average; 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.