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AUDUSD and NZDUSD remain below hourly MA levels at today’s session highs.  Sellers win.


AUDUSD found sellers near the high MAs

The two AUDUSD

AUD/USD

AUD/USD is the currency pair comprising the Commonwealth of Australia’s Australian dollar (symbol $, code AUD) and the United States of America dollar (symbol $, code USD). The pair rate indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, that means 1 Australian dollar equals 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar (USD) is the most traded currency in the world, resulting in a very liquid pair, with tight spreads, often staying within the spread range from 1 pip to 3 pip. on most forex brokers. AUD/USD Popular Among Different Types of Traders Many traders consider the AUD/USD to be perhaps the most consistent currency pair when it comes to swing trading, as it has often moved in consistent cycles. That said, each pair presents its own challenges. for traders. AUD/USD is very popular with swing traders, with the four-hour timeframe being, at least historically, more reliable than the others. Historically, AUD/USD has been influenced by interest rate differentials, commodity prices, government credit ratings, as well as general sentiment and speculation.

AUD/USD is the currency pair comprising the Commonwealth of Australia’s Australian dollar (symbol $, code AUD) and the United States of America dollar (symbol $, code USD). The pair rate indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, that means 1 Australian dollar equals 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar (USD) is the most traded currency in the world, resulting in a very liquid pair, with tight spreads, often staying within the spread range from 1 pip to 3 pip. on most forex brokers. AUD/USD Popular Among Different Types of Traders Many traders consider the AUD/USD to be perhaps the most consistent currency pair when it comes to swing trading, as it has often moved in consistent cycles. That said, each pair presents its own challenges. for traders. AUD/USD is very popular with swing traders, with the four-hour timeframe being, at least historically, more reliable than the others. Historically, AUD/USD has been influenced by interest rate differentials, commodity prices, government credit ratings, as well as general sentiment and speculation.
Read this term and NZDUSD saw price rises and falls today as the trading week comes to an end. However, both pairs found sellers near their hourly MAs at session highs. Staying below gives sellers more control today and into next week.

Looking at the AUDUSD hourly chart above, the 100 and 200 hourly MAs are close to convergence. The day’s highs saw modest appearances above the MAs (by a few pips) but failed to generate any bullish momentum on the small breaks. The 200-hour MA is currently at 0.71205. The 100 hour MA is a bit higher now at 0.7123. If the price of this pair is to rise, it must reach and stay above these moving averages.

On Wednesday, price moved above these moving averages and moved with momentum on “risk” sentiment following the FOMC decision. However, also on Wednesday, price stalled just off its 100-day moving average at 0.72595 (upper superimposed blue line on the hourly chart above), and we all know what happened yesterday as the “risk on” sentiment turned into a “risk off” sentiment quickly.

Today, the price is consolidating below these moving averages, which maintains the downward bias through the weekend and into the new trading week.

For the NZDUSD

NZD/USD

NZD/USD is a commonly offered currency pair representing the New Zealand Dollar or Kiwi and US Dollar. The pair is popular for exposure to a commodity currency, namely the NZD, which helps capture traders’ risk appetite. Like its Antipodean counterpart, the Australian dollar, NZD/USD is seen as carry, in part due to interest rate differentials favoring the NZD. The NZD is the seventh most liquid pair in the world at the time of writing, with the USD being the most traded currency in the world and the NZD being the tenth. What affects NZD/USD? NZD/USD is offered by virtually all retail forex brokerages and is a common pair that traders may have experience with. The pair moves based on investor sentiment and can be much more volatile than other pairs such as EUR/USD, GBP/USD and others. Given that New Zealand is the world’s largest exporter of powdered milk, this metric is a key factor when driving the pair. Any sensitivity to milk powder exports is captured via the NZD/USD. Additionally, tourism is a key contributor to the New Zealand economy and as such helps move the currency pair. Other factors of note for NZD/USD include export volumes to China as well as other important economic data releases from China. Central banks also play a huge role in the direction of the currency pair, with the US Federal Reserve and the Reserve Bank of New Zealand being closely watched by investors. Monetary policy is more than capable of sharply moving NZD/USD, which can swing much more than other normal pairs.

NZD/USD is a commonly offered currency pair representing the New Zealand Dollar or Kiwi and US Dollar. The pair is popular for exposure to a commodity currency, namely the NZD, which helps capture traders’ risk appetite. Like its Antipodean counterpart, the Australian dollar, NZD/USD is seen as carry, in part due to interest rate differentials favoring the NZD. The NZD is the seventh most liquid pair in the world at the time of writing, with the USD being the most traded currency in the world and the NZD being the tenth. What affects NZD/USD? NZD/USD is offered by virtually all retail forex brokerages and is a common pair that traders may have experience with. The pair moves based on investor sentiment and can be much more volatile than other pairs such as EUR/USD, GBP/USD and others. Given that New Zealand is the world’s largest exporter of powdered milk, this metric is a key factor when driving the pair. Any sensitivity to milk powder exports is captured via the NZD/USD. Additionally, tourism is a key contributor to the New Zealand economy and as such helps move the currency pair. Other factors of note for NZD/USD include export volumes to China as well as other important economic data releases from China. Central banks also play a huge role in the direction of the currency pair, with the US Federal Reserve and the Reserve Bank of New Zealand being closely watched by investors. Monetary policy is more than capable of sharply moving NZD/USD, which can swing much more than other normal pairs.
Read this termit too is trading up and down today.

Looking at this pair – like the AUDUSD – it climbed from Wednesday to Thursday on the back of “risk”, but fell yesterday. Yesterday’s low reached the lowest level since July 2020 and eliminated Monday and Tuesday’s lows. However, the selling momentum has dried up and the price has been swinging up and down from the low. Today’s low price has stalled near yesterday’s low. At the high, it stalled against the 100 hour MA (blue line) currently at 0.64504. Both buyers and sellers lean.

Overall, however, the sellers remain in control below the 100 hourly MA and the upper 200 hourly MA at 0.64837. The buyers had their chance on Wednesday and they failed on Thursday.

Going forward, staying below each gives sellers more control.

On the downside….yes….price needs to drop below Monday/Tuesday lows at 0.64105 then yesterday and today lows at 0.63922 but these targets are likely to be exceeded as long as the 100 hourly moving average can continue to hold resistance.

AUDUSD and NZDUSD remain below hourly MA levels at today’s session highs.  Sellers win.

NZDUSD remains below the 100 hourly MA

The AUDUSD and NZDUSD charts are similar and traders use the MAs on each to set upper resistance. Time will tell, but the roadmap is drawn. The risk levels are known. The sellers remain in control and the buyers do not win as long as the technical momentum remains in place.

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