AUDNZD Down 1 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; 2 Day Up Streak Broken
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
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 Down 1 Pips in Last Hour, Entered Today Up For the 2nd Day In A Row; is Inching Close to 20 Day Average
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
AUDNZD Down 3 Pips in Last Hour, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
AUDNZD Down 1 Pips in Last Hour, in a Downtrend Over Past 14 Days; is Inching Close to 20 Day Average
Price action traders may also wish to note that we see a pin bar candlestick pattern on audnzd.
AUDNZD Down 6 Pips Over Past Hour, 2 Day Down Streak Broken; Bullish Engulfing Pattern in Play
Or to simplify this another way, note that out of the past 10 days audnzd’s price has gone down 7 them.
AUDNZD Up 6 Pips in Last Hour, Moves Down For the 2nd Consecutive Day; in a Downtrend Over Past 90 Days
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
AUDNZD Down 27 Pips On Hourly Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Volatility for audnzd has been contracting over the past two weeks relative to volatility over the past month.
AUD/NZD Up 4 Pips On Hourly Chart, Moves Down For the 3rd Consecutive Day; Pin Bar Pattern Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
AUDNZD Down 0 Pips in Last Hour, Moves Down For the 3rd Consecutive Day; in a Downtrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
AUDNZD Up 4 Pips On Hourly Chart, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 90 Days
Volatility for audnzd has been contracting over the past two weeks relative to volatility over the past month.