(Last Updated March 27, 2020)
Hello! This is 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?
Yesterday saw the market for NZDUSD close at a rate of 0.5959. 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.
This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 26.75% from the day before — and down 3.8% from the same day the week before.
This imputes a buy/sell ratio of 0.77, which is bearish.
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.
This imputes a buy/sell ratio of 0.8, which is neutral.
Relative to other instruments in the forex asset class, nzd/usd ranked 17th yesterday in terms of percentage price change.
As for the rationale, technical traders seem to be citing the appearance of relative strength index and triangle technical patterns.
Sometime early the best, but remember this is still owned by down channel trend.
Out of the 40 instruments in the forex asset class, nzd/usd ended up ranking 18th for the day in terms of day-over-day price change.
The closest is the 20 day average, which is 92.9 pips away.
Out of the 40 instruments in the forex asset class, nzd/usd ended up ranking 31st for the day in terms of day-over-day price change.