NZD/USD Up 7 Pips in Last Hour, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

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Hourly Update (Last Updated January 7, 2021 1:47 GMT) At the time of this writing, NZDUSD’s rate is up 7 pips (0.09%) from the hour prior. The hourly chart shows that NZDUSD has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NZDUSD. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth…

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