NZD/USD

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 into a commodity currency, i.e. the NZD, which helps capture risk appetite for 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.
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 into a commodity currency, i.e. the NZD, which helps capture risk appetite for 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.

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 into a commodity currency, i.e. the NZD, which helps capture risk appetite for 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 sees buyers lift pair back away from hourly MAs

NZDUSD

NZDUSD sees buyers lift pair back away from hourly MAs

  • The price tried to break the hour MAs in the Asian session, but could not sustain momentum
Greg Michalowski
Greg Michalowski
Thursday, 19/05/2022 | 17:53 GMT-0
19/05/2022 | 17:53 GMT-0
Technical Analysis

AUDUSD and NZDUSD stay below hourly MA levels at session highs today. Sellers are winning.

AUDUSD

AUDUSD and NZDUSD stay below hourly MA levels at session highs today. Sellers are winning.

  • Keeps the bears in control with the price below the MA levels
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 16:50 GMT-0
06/05/2022 | 16:50 GMT-0
Technical Analysis

NZDUSD moves toward the lows for the week/year

NZDUSD

NZDUSD moves toward the lows for the week/year

  • Lows from Monday and Tuesday bottomed at 0.6410
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 15:36 GMT-0
05/05/2022 | 15:36 GMT-0
Technical Analysis

NZDUSD going out for the week near the lows for the year and lowest level since July 2020

NZDUSD

NZDUSD going out for the week near the lows for the year and lowest level since July 2020

  • NZDUSD around the 50% retracement of the trading range since the 2020 low
Greg Michalowski
Greg Michalowski
Friday, 29/04/2022 | 19:43 GMT-0
29/04/2022 | 19:43 GMT-0
Technical Analysis

NZDUSD dips below the 50% retracement midpoint of move up from 2020 low, but bouncing

NZDUSD

NZDUSD dips below the 50% retracement midpoint of move up from 2020 low, but bouncing

  • The 50% retracement comes in at 0.64655
Greg Michalowski
Greg Michalowski
Thursday, 28/04/2022 | 15:11 GMT-0
28/04/2022 | 15:11 GMT-0