GBP/NZD Down 83 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; Doji Pattern Appearing on Chart

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Hourly Update (Last Updated March 22, 2021 1:48 GMT) Currently, GBPNZD’s rate is down -83 pips (-0.43%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 and 20 hour moving averages have been crossed, with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the…

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