AUD/NZD Up 2 Pips in Last 4 Hours, 3 Day Down Streak Ended; in a Downtrend Over Past 14 Days
This imputes a buy/sell ratio of 0.88, which is neutral.
AUDNZD
(Last Updated July 1, 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 and 14 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
Nuances in the trend on AUDNZD can be understood by observing the behavior of its moving averages. The 50 and 100 day averages suggest a bullish trend, as they are pointing upwards, while the 20 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes.
The chart below illustrates.
As for assets in the Forex asset class AUDNZD has been correlated to over the past week, it has demonstrated the strongest correlation with GBPCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDNZD is EURNZD. Alternatively, the asset least correlated with AUDNZD over the past week has been USDZAR, but over the past two weeks, GBPNZD 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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AUD/NZD Up 7 Pips Over Past 4 Hours, 2 Day Down Streak Broken; in a Downtrend Over Past 14 Days
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
AUD/NZD Up 32 Pips On 4 Hour Chart, Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
AUD/NZD Down 5 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; Came Into Today Up For the 2nd Day In A Row
This imputes a buy/sell ratio of 0, which is quite bearish.
AUD/NZD Up 4 Pips On 4 Hour Chart, 2 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days aud/nzd’s price has gone down 15 them.
AUD/NZD Up 4 Pips Over Past 4 Hours, Came Into Today Down For the 2nd Day In A Row; is Inching Close to 50 Day Average
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
AUD/NZD Down 22 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Nears 20 and 50 Day Moving Averages
As for the rationale, technical traders seem to be citing the appearance of a divergence technical pattern.
AUD/NZD Up 3 Pips On 4 Hour Chart, Moves Down For the 3rd Day In A Row; Eyes 20 and 50 Day Averages
The closest is the 50 day average, which is 6.6 pips away.
AUD/NZD Down 10 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; is Inching Close to 20 and 50 Day Averages
The closest is the 50 day average, which is 26.9 pips away.
AUD/NZD Up 2 Pips in Last 4 Hours, 3 Day Down Streak Snapped; in an Uptrend Over Past 90 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.