NZD/USD Up 17 Pips in Last 4 Hours, Came Into Today Up For the 5th Day In A Row; in a Downtrend Over Past 90 Days
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
NZDUSD
(Last Updated April 8, 2020)
Welcome to the news page for NZDUSD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of NZDUSD:
20 Day Moving Average Direction: bearish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bearish
How the Current NZDUSD Rate Fares Relative to the Past Year?
The previous trading day saw NZDUSD close at a rate of 0.5975. That means that relative to the past year, the rate of NZDUSD is now closer to its 52 week low (0.54691) than its 52 week high (currently at 0.67911).To dig deeper and get the latest news on NZDUSD, try the links below. You can also visit the MarketWatch or Investing.com pages on NZDUSD for more news as well.
NZD/USD Down 21 Pips Over Past 4 Hours, Came Into Today Up For the 4th Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of channel, fibonacci, head and shoulders and relative strength index technical patterns.
NZD/USD Up 3 Pips On 4 Hour Chart, Moves Up For the 5th Day In A Row; Price Base in Formation Over Past 14 Days
This imputes a buy/sell ratio of 2, which is bullish.
NZD/USD Up 36 Pips Over Past 4 Hours, 5 Day Down Streak Broken; in a Downtrend Over Past 90 Days
The closest is the 20 day average, which is 33 pips away.
NZD/USD Down 1 Pips On 4 Hour Chart, Moves Down For the 5th Day In A Row; Pin Bar Pattern Appearing on Chart
On top of all of this theres a potential head and shoulders structure developing!
NZD/USD Up 14 Pips in Last 4 Hours, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 5 out of the past 10 days.
NZD/USD Down 13 Pips On 4 Hour Chart, Moves Down For the 3rd Day In A Row; Crosses 20 Day Moving Average
Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed down.
NZD/USD Down 3 Pips Over Past 4 Hours, 3 Day Down Streak Broken; Social Sentiment Biased Towards Selling
This imputes a buy/sell ratio of 0.22, which is bearish.
NZD/USD Up 4 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 0.94, which is neutral.
NZD/USD Down 40 Pips in Last 4 Hours; Entered Today Down For the 2nd Day In A Row
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.