NZD/USD Down 2 Pips in Last Hour, 2 Day Down Streak Ended; Crosses 20 Day Moving Average

1 min read

Hourly Update (Last Updated February 19, 2021 1:53 GMT) At the time of this writing, NZDUSD’s rate is down -2 pips (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in…

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