NZDUSD Up 9 Pips in Last Hour, Breaks Above 100 Day Average; in an Uptrend Over Past 14 Days
The closest is the 100 day average, which is 40.4 pips away.
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 5 Pips in Last Hour, Crosses 100 Day Moving Average; Price Base in Formation Over Past 30 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.
NZDUSD Up 1 Pips On Hourly Chart; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, nzdusd ranked 6th the previous day in terms of percentage price change.
NZDUSD Down 4 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Nears 50 and 100 Day Moving Averages
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.
NZDUSD Down 0 Pips Over Past Hour, Crosses 50 and 100 Day Moving Averages; in an Uptrend 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.
NZDUSD Up 4 Pips Over Past Hour, 4 Day Up Streak Ended; Bearish Engulfing Pattern Present
It should be noted, though, the 20 and 50 day simple moving averages turned downwards, which may be a bearish sign.
NZDUSD Up 1 Pips On Hourly Chart, Moves Up For the 4th Straight Day; in an Uptrend Over Past 14 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NZDUSD Down 15 Pips On Hourly Chart, Came Into Today Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved up.
NZDUSD Down 5 Pips On Hourly Chart, Tops All Forex; Crosses 20 Day Moving Average
It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe.
NZDUSD Down 2 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.