NZD/USD Down 16 Pips On Hourly Chart; Came Into Today Down For the 2nd Day In A Row

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Hourly Update (Last Updated March 22, 2021 1:49 GMT) At the time of this writing, NZDUSD’s rate is down -16 pips (-0.23%) from the hour prior. The hourly chart shows that NZDUSD has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NZDUSD. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting….

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