NZD/USD

Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of writing with the USD being the world’s most traded currency and the NZD being the tenth. What Affects the NZD/USD? The NZD/USD is offered at virtually every retail forex brokerage and is a common pair for traders to have experience with. The pair moves on investor sentiment and can be much more volatile than other pairs such as the EUR/USD, GBP/USD and others. Given New Zealand is the world's largest exporter of milk powder, this metric is a key factor when driving the pair. Any sensitivity to milk powder exports is captured via the NZD/USD. Additionally, tourism is a key contributor to the New Zealand economy and as such help move the currency pair. Other factors of note for the NZD/USD include export volumes to China as well as other important economic data releases from China. Central banks also play a primary role in the direction of the currency pair with both the US Federal Reserve and the Reserve Bank of New Zealand being closely monitored by investors. Monetary policy is more than capable of abruptly moving the NZD/USD, which can oscillate much more than other normal pairs.
Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of writing with the USD being the world’s most traded currency and the NZD being the tenth. What Affects the NZD/USD? The NZD/USD is offered at virtually every retail forex brokerage and is a common pair for traders to have experience with. The pair moves on investor sentiment and can be much more volatile than other pairs such as the EUR/USD, GBP/USD and others. Given New Zealand is the world's largest exporter of milk powder, this metric is a key factor when driving the pair. Any sensitivity to milk powder exports is captured via the NZD/USD. Additionally, tourism is a key contributor to the New Zealand economy and as such help move the currency pair. Other factors of note for the NZD/USD include export volumes to China as well as other important economic data releases from China. Central banks also play a primary role in the direction of the currency pair with both the US Federal Reserve and the Reserve Bank of New Zealand being closely monitored by investors. Monetary policy is more than capable of abruptly moving the NZD/USD, which can oscillate much more than other normal pairs.

Understanding NZD/USD: A Comprehensive Guide

The NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar.

The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders.

Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD.

The NZD is the world’s seventh most liquid pair at the time of writing with the USD being the world’s most traded currency and the NZD being the tenth.

What Affects the NZD/USD?

The NZD/USD is offered at virtually every retail forex brokerage and is a common pair for traders to have experience with.

The pair moves on investor sentiment and can be much more volatile than other pairs such as the EUR/USD, GBP/USD and others.

Given New Zealand is the world's largest exporter of milk powder, this metric is a key factor when driving the pair.

Any sensitivity to milk powder exports is captured via the NZD/USD.

Additionally, tourism is a key contributor to the New Zealand economy and as such help move the currency pair.

Other factors of note for the NZD/USD include export volumes to China as well as other important economic data releases from China.

Central banks also play a primary role in the direction of the currency pair with both the US Federal Reserve and the Reserve Bank of New Zealand being closely monitored by investors.

Monetary policy is more than capable of abruptly moving the NZD/USD, which can oscillate much more than other normal pairs.

Technical Analysis

NZDUSD sellers in charge today, but bounces and retests MA resistance.

NZDUSD

NZDUSD sellers in charge today, but bounces and retests MA resistance.

  • Watch the 200 hour MA at 0.61658
Greg Michalowski
Greg Michalowski
Tuesday, 20/06/2023 | 19:06 GMT-0
20/06/2023 | 19:06 GMT-0
Technical Analysis

NZDUSD retraces Asian/European declines and extends back above 100 day MA

NZDUSD

NZDUSD retraces Asian/European declines and extends back above 100 day MA

  • 100 day MA at 0.6221. Close risk for buyers now.
Greg Michalowski
Greg Michalowski
Thursday, 15/06/2023 | 18:24 GMT-0
15/06/2023 | 18:24 GMT-0
Technical Analysis

NZDUSD buyers had their shot above the 200 day MA. The momentum could not be sustained.

NZDUSD

NZDUSD buyers had their shot above the 200 day MA. The momentum could not be sustained.

  • 200 day MA in the NZDUSD was broken at 0.61488
Greg Michalowski
Greg Michalowski
Tuesday, 13/06/2023 | 18:47 GMT-0
13/06/2023 | 18:47 GMT-0
Technical Analysis

NZDUSD up today, but stalls near 38.2% of the May trading range

NZDUSD

NZDUSD up today, but stalls near 38.2% of the May trading range

  • The price rise in the NZDUSD stalls against the 38.2% retracement keeping the sellers in play
Greg Michalowski
Greg Michalowski
Friday, 09/06/2023 | 18:48 GMT-0
09/06/2023 | 18:48 GMT-0
Technical Analysis

NZDUSD based at the 100 hour MA today.

NZDUSD

NZDUSD based at the 100 hour MA today.

  • Buyers in control in the short term
Greg Michalowski
Greg Michalowski
Monday, 05/06/2023 | 16:23 GMT-0
05/06/2023 | 16:23 GMT-0
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