NZDUSD Down 5 Pips in Last Hour, 2 Day Down Streak Snapped; Price Base in Formation Over Past 14 Days
Relative to other instruments in the forex asset class, nzdusd ranked 3rd the day prior in terms of percentage price change.
NZDUSD
(Last Updated April 15, 2021)
Welcome to the news page for NZDUSD (NZDUSD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for NZDUSD
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Philadelphia Fed Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 42 | 50.2 |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
| United States Continuing Jobless Claims | 03/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 3700K | 3731K |
The Trend
As for trends on NZDUSD, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 30 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
NZDUSD Moving Averages
The moving averages on NZDUSD summarize its price action in an interesting way. The 100 and 200 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 50 day averages that imply a bearish trend. Ultimately, this suggests a bearish trend on shorter timeframes, compared to a bullish trend when observing more than 3 months of data.
The chart below illustrates.
As for assets in the Forex asset class NZDUSD has been correlated to over the past week, it has been most correlated with AUDUSD. AUDUSD is the asset with which NZDUSD has been most correlated with over the past two weeks as well, so this may be a recurring pattern. Alternatively, ZARJPY has been the asset least correlated with NZDUSD — but over the past two weeks, the asset least correlated with NZDUSD has been NZDCHF. See the chart below to observe the recent price action in NZDUSD versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
Currently, NZDUSD’s rate is up 109 pips (1.56%) from the week prior. Moreover, note that this is the 3rd straight week NZDUSD has seen its price head 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. The weekly chart below shows NZDUSD’s price action over the past year.
NZDUSD: The Monthly View
Monthly trend: strongest on the 120 month timeframe.
NZDUSD Up 9 Pips in Last Hour, 2 Day Down Streak Broken; Price Base in Formation Over Past 14 Days
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
NZDUSD Up 1 Pips On Hourly Chart, Eyes 20 Day Average; Pin Bar Pattern Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NZDUSD Down 2 Pips in Last Hour, Moves Down For the 2nd Consecutive Day; Eyes 20 Day Average
The closest is the 20 day average, which is 27.7 pips away.
NZDUSD Up 2 Pips On Hourly Chart, Moves Up For the 2nd Consecutive Day; Eyes 20 Day Average
The closest is the 20 day average, which is 14 pips away.
NZDUSD Up 2 Pips On Hourly Chart, Entered Today Up For the 2nd Consecutive Day; Nears 20 Day Moving Average
The closest is the 20 day average, which is 14 pips away.
NZDUSD Up 4 Pips On Hourly Chart; 2 Day Down Streak Broken
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.
NZD/USD Up 1 Pips in Last Hour; in a Downtrend Over Past 30 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on nzdusd.
NZDUSD Down 3 Pips Over Past Hour, Price Base in Formation Over Past 14 Days; Nears 20 Day Moving Average
This imputes a buy/sell ratio of 3, which is bullish.
NZDUSD Up 2 Pips Over Past Hour, in a Downtrend Over Past 30 Days; Price Base in Formation 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.