FREE TRADING SIGNALS NZD/USD | fxrobot
WHAT AND HOW MAY AFFECT THE PRICE OF (NZD / USD)
to interpret the behavior of the NZD. These are some important points that we must take into account.
(1) (GDP) Gross Domestic Product: The evolution of the New Zealand economy allows us to determine how the New Zealand dollar will move. A quarterly report above the projections can move the currency higher. If the data is discouraging, the opposite will happen with the NZD coin.
(2) (CPI) Consumer Price Index: this will show us the evolution of prices, allows us to predict the monetary policy of the RBNZ, and allows us to predict what will happen to the New Zealand dollar. Warming of the economy and inflation will lead the central bank to raise the OCR, this may be attractive for investors to buy NZD.
(3) Trade Balance: it will allow us to know the level of foreign exchange income from sales of products abroad. We will have a strengthened New Zealand dollar. If exports fall, the NZD will suffer.
(4) important to follow the evolution of the prices of raw materials that New Zealand exports.
NZD USD LIVE ANALISIS CHART
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HEAT MAP FOR NZD/USD
NZD / USD Recommended Trading Hours
Strong demand time to trade the NZD / USD when the currency pair is most volatile.
The NZD / USD usually faces high volatility from between 06:00 and 08:00 GMT, It can also be more volatile from midnight to 02:00 GMT
Another point, between 1200 and 1700 GMT is the time of day with the highest activity.
On occasion, the NZD / USD pair can also be active between 21:00 and 02:00 GMT.
WHY IS IT ATTRACTIVE TO TRADE IN NZD / USD?
The low margin of the currency pair attracts many traders to trade the NZD / USD pair and is a favorite of many for the positive swap and low margin it offers.
Since the NZD rate is higher than the US rate, the interest rate differential between the NZD and the USD turns out to be attractive and positive for traders.
HISTORY OF THE CURRENCY PAIR NZD / USD
NEW ZEALAND DOLLAR AND US DOLLAR
The symbol (NZD) represents the New Zealand dollar also popularly known as "kiwi", it is the official currency that is currently used in New Zealand.
On July 10, 1967, the New Zealand dollar was inserted to replace the New Zealand pound that had been used.
About 27 million banknotes were printed and 165 million coins were minted.
The symbol it represents is usually used with $ or NZ $ to show that it is the New Zealand dollar.
In addition it is also the currency that is current in the Cook Islands, Tokelau, Niue and the Pitcairn Islands.