NZDUSD Down 0 Pips Over Past Hour, Entered Today Up For the 3rd Consecutive Day; Eyes 20 Day Average
Of note is that the 200 hour changed directions on nzdusd; it is now pointing down.
NZDUSD
(Last Updated January 18, 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 |
|---|---|---|---|---|---|---|---|
| New Zealand NZIER Capacity Utilization | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand NZIER Business Confidence | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand Electronic Retail Card Spending YoY | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| New Zealand Electronic Retail Card Spending MoM | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| United States Foreign Bond Investment | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT |
The Trend
On NZDUSD, there is currently an uptrend on the 90 and 30 day timeframes.
NZDUSD Moving Averages
The moving averages on NZDUSD indicate a trend that is clearly bullish.
Below is a chart showing NZDUSD’s price with its moving averages.
As for assets in the Forex asset class NZDUSD has been correlated to over the past week, it has been most correlated with NZDCHF. Over the past 14 days, however, AUDUSD is the asset most correlated to NZDUSD. On the flip side, AUDCHF has been the asset least correlated with NZDUSD — but over the past two weeks, GBPCHF has been the asset least correlated with NZDUSD. The chart below illustrates NZDUSD against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, NZDUSD’s rate is down -107 pips (-1.48%) from the week prior. NZDUSD has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. 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 60 month timeframe.
NZD/USD Down 7 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; in an Uptrend 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 up.
NZDUSD Up 4 Pips in Last Hour, Entered Today Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days
This move is a reversal from the hour prior, which saw price move down.
NZDUSD Up 12 Pips On Hourly Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Compared to its peers in the forex, nzdusd gave its buyers a return that ranked 33rd in terms of percentage change since the previous day.
NZDUSD Down 12 Pips On Hourly Chart; in an Uptrend Over Past 90 Days
Price action traders may also wish to note that we see a doji candlestick pattern on nzdusd.
NZDUSD Down 5 Pips On Hourly Chart; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NZDUSD Up 1 Pips in Last Hour, in an Uptrend Over Past 90 Days; Eyes 20 Day Average
Compared to its peers in the forex, nzdusd gave its buyers a return that ranked 34th in terms of percentage change since yesterday.
NZDUSD Down 4 Pips On Hourly Chart; 3 Day Down Streak Broken
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
NZDUSD Down 1 Pips Over Past Hour, Came Into Today Down For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NZDUSD Down 5 Pips On Hourly Chart, 2 Day Up Streak Ended; in an Uptrend Over Past 90 Days
Of note is that the 50 hour changed directions on nzdusd; it is now pointing down.