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

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Hourly Update (Last Updated February 22, 2021 1:52 GMT) Currently, NZDUSD’s rate is down -2 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists 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 an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest…

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