The NZDUSD trading instrument belongs to the major currency pairs and represents the relation of the New Zealand dollar to the US dollar. On a trading slang, the New Zealand dollar is called “kiwi” in honor of a bird of New Zealand living on open spaces. The trading symbol NZDUSD is one of the most popular tools in the international exchange market. The trading volume of the financial instrument the New Zealand dollar / the American dollar constitutes 1.6% of the exchange market turnover.
According to the reports for PPI and Retail Sales in the U.S., Producer prices experienced a jump and retail sales were reported to grow. The U.S. ...
The dollar was on track for a weekly gain versus major currencies while the yen drifted lower on Friday, ahead of a flurry of highly-anticipated ce...
According to the Gross Domestic Product (GDP) report yesterday, Britain’s economy returned to growth in January after entering a shallow rece...
Unemployment-related benefits (Claimant Count) are higher (for February 2024 period ) than previous and with lower average earnings reported. The u...
Winners vs Losers The week just started with pairs showing moderate volatility. The USD recovered a bit after a heavy fall last week. The USDJPY is...
Canada added a net 7K jobs in February, double the expected gain as data showed on Friday, while wage growth slowed for a second consecutive month....
The European Central Bank (ECB) kept borrowing costs at record highs with the decision to hold all three key rates steady, saying it had made good ...
The Bank of Canada (BoC) kept its key overnight rate steady at 5% as expected saying underlying inflation is still high and no cuts are considered ...
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support...
EURUSD, “Euro vs US Dollar” EURUSD is rising after a rebound from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which su...
EURUSD, “Euro vs US Dollar” EURUSD is rising after a rebound from the support. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the ...
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A t...
AUDUSD, “Australian Dollar vs US Dollar”AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the ...
EURUSD, “Euro vs US Dollar”EURUSD is rebounding from the upper boundary of the descending channel. The instrument is going inside the Ichimoku Cloud, indicating the preva...
EURUSD, “Euro vs US Dollar” EURUSD is correcting after a rebound from the support. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A tes...
Currency pair NZDUSD is a commodity currency, therefore, the greatest impact on it is made by the export of primary goods. Movement of the trading instrument quotes depend on fundamental factors, including the index of business activity and GDP, and also the decision of Royal bank of New Zealand and Fed. Also, it is necessary to pay attention to the Commodity Research Bureau's Futures Index, agricultural indicators and to economic data from the main trading partners — the USA, Australia and Japan.
The trading instrument differs in average volatility, quiet price maneuvers and, for this reason, approaches both beginners, so the professionals on the Forex market. The greatest efficiency while trading this currency pair NZDUSD is achieved by using medium-term and long-term trading strategies.