The New Zealand Dollar against the United States Dollar

NZDUSD ANALYSIS

The New Zealand Dollar against the United States Dollar –Nickname Kiwi

CENTRAL BANK

RBNZ

FED

FOREIGN CURRENCY RESERVES

14.088 Million USD

41.901 Million USD

 

NZDUSD Preface:

The New Zealand Dollar is the official currency of New Zealand, Cook Islands, Tokelau, Niue, and the Pitcairn Islands. NZDUSD is a considerably liquid Forex pair given the small size of the New Zealand economy. The New Zealand economy is a major exporter of raw materials, wood, meat, fish and dairy and therefore NZD is a commodity currency. The New Zealand dollar offers traditionally high-interest rates and that creates demand for NZD by Carry-Traders. NZDUSD has shown historically a positive correlation with AUDUSD but also with EURUSD. If you compare the Monthly Average Tables of NZDUSD, AUDUSD, and EURUSD you will see significant similarities.

 

NZDUSD Monthly Statistics:

These are the monthly average returns of NZDUSD based on 15 years of daily data.

CALENDAR MONTH

AVERAGE MONTHLY RETURNS

TIMES

(↑)

TIMES

(↓)

AVERAGE DAILY VOLATILITY

JANUARY

-0.38%

9

6

1.143%

FEBRUARY

-0.15%

8

7

1.038%

MARCH

0.32%

8

7

1.153%

APRIL

1.38%

12

3

1.075%

MAY

-0.62%

6

9

1.163%

JUNE

0.84%

10

5

1.173%

JULY

0.17%

7

8

1.035%

AUGUST

-0.62%

6

9

1.168%

SEPTEMBER

0.02%

8

7

1.216%

OCTOBER

0.59%

11

4

1.289%

NOVEMBER

0.39%

10

5

1.200%

DECEMBER

2.05%

9

5

1.003%

 

Best Months to Trade the NZDUSD:

()-LONG TRADES

According to data during 2000-2014 the best months to go long on NZDUSD are:

→ DECEMBER, with positive average, returns +2.05%

→ APRIL, with positive average returns +1.38%

→ JUNE, with positive average returns +0.84%

()-SHORT TRADES

According to 2000-2014 data the best months to go short on NZDUSD are:

→ AUGUST, with negative average returns -0.62%

→ MAY, with negative average returns -0.62%

→ JANUARY, with negative average returns -0.38%

 

NZDUSD Monthly Statistics Chart:

This is the NZDUSD Monthly Performance Chart.

Chart: NZDUSD Average Returns (%) per Calendar Month

Most Volatile Days of the Week to Trade the NZDUSD

These are the most volatile days to trade NZDUSD based on the average pip range of each day of the week.

Monday

Tuesday

Wednesday

Thursday

Friday

80 pips

100 pips

85 pips

100 pips

95 pips


Best Intraday Times to Trade the NZDUSD:

In general, the best time to trade NZDUSD is during the Asian session.

 

Forex Brokers and NZDUSD Trading

These are some NZDUSD Forex Brokers.

FOREX BROKER

NZDUSD SPREADS

NZDUSD SWAPS

PLATFORMS

ACCOUNT

INFORMATION

» HOTFOREX

REGULATED BY:

FCA UK, CySEC, MiFID

US TRADERS: NO

NZDUSD SPREADS:

3.2 pips Fixed

 

LONG (↑)

$ +0.37

SHORT (↓)

$ -0.75

□ MetaTrader4

□ WebTrader

SCALPING: YES

  • CurreneX Account
  • Free VPS
  • PAMM Accounts

$5 Minimum Deposit Amount

WELCOME BONUS:

40-100%

WEB-SITE:

Visit HotForex

REVIEW:

Review

» XM

REGULATED: FSA UK, CySEC, ASIC, MiFID

US TRADERS: NO

NZDUSD SPREADS:

3.0 pips

 

LONG (↑)

$ -0.047

SHORT (↓)

$ -0.41

□ Web Trader

□ MirrorTrader

□ MetaTrader4

SCALPING: YES

  • Trade Contests

$5 Minimum Deposit Amount

WELCOME BONUS:

40-100%

WEB-SITE:

Visit XM

REVIEW:

Review

» FXCC

REGULATED: FCA UK

US TRADERS: NO

NZDUSD SPREADS:

2.5 pips typical

LONG (↑)

$ +0.03

SHORT (↓)

$ -0.35

□ MetaTrader4

□ Sirix WebTrader

SCALPING: YES

  • Free VPS

$100 Minimum Deposit Amount

WELCOME BONUS:

30-100%

WEB-SITE:

Visit FXCC

REVIEW:

Review

» HYCM

REGULATED: FCA UK

US TRADERS: NO

NZDUSD SPREADS:

4.4 pips fixed

 

LONG (↑)

+0.00%

SHORT (↓)

-2.00%

□ MetaTrader4

SCALPING: YES

$50 Minimum Deposit Amount

WELCOME BONUS:

10%

WEB-SITE:

Visit HYCM

REVIEW:

Review

 

 

PAIRS: » EURUSD | » GBPUSD | » USDJPY | » USDCAD | » EURGBP | » EURJPY | » AUDUSD

 

NZDUSD ANALYSIS

CarryTrader.com

Foreign Exchange

The Foreign Exchange Market is the largest Financial Market in the world with daily volumes of more than 4 trillion USD. When trading Forex you need a reliable and high-regulated Forex broker and a trading strategy that works:

(i) Introduction to Forex Trading

(ii) Forex Brokers for Traders

(iii) Major Currency Pairs

(iv) Automated Forex Systems

Global Markets

Trading the Financial Markets requires a perfect understanding of how demand and supply shift from time to time. Equities tend to follow bullish cycles lasting 7-9 years, and after, bearish cycles lasting 3-4 years. Energies tend to follow annual time patterns while Precious Metals tend to follow longer time cycles:

(i) Gold Trading

(ii) Crude Oil Trading

(iii) Rebate Plans

Learning

If you are a trader, learning is a non-stop process. CarryTrader offers a wide variety of educational resources including trade tools, techniques, and strategies:

(i) Currency Indices

(ii) Famous Investors

(iii) Technical Analysis

(iv) Brokers for Carry Traders

Go to top