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, the 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 a positive average, returns +2.05%

→ APRIL, with positive average returns of +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

PLATFORMS

ACCOUNT

INFORMATION

» IC TRADING

REGULATED BY:

  • Mauritius (FSC) -license Number: GB21026834

US TRADERS: NO

NZDUSD SPREADS:

0.1 pip on Raw Spread Account & $7 per lot commissions

PLATFORMS:

□ MetaTrader-4

□ MetaTrader-5

□ cTrader

SCALPING: YES

  • Free VPS

$200 Minimum Account for all trading platforms

FUNDING METHODS

  • WIRE
  • CARDS
  • PAYPAL
  • NETELLER

Wide Asset Index and Fast Order Execution

WEB-SITE:

► Visit IC Trading

 

» AXI TRADING

REGULATED BY:

  • ASIC (Australia)
  • FCA UK

US TRADERS: NO

NZDUSD SPREADS:

0.5 pip on Raw Spread Account & $7 per lot commissions

□ MetaTrader-4

□ MetaTrader-4 Web

SCALPING: YES

FREE VPS: YES

PAMM ACCOUNT: YES

$10 Minimum Deposit Amount

FUNDING METHODS

  • WIRE
  • CARDS
  • SKRILL
  • NETELLER
  • FASA PAY
  • MORE METHODS

WEB-SITE:

► AXI TRADING

REVIEW:

Review

 

» LQDFX

REGULATED: (N/A)

US TRADERS: NO

NZDUSD SPREADS:

1.3 pip typical without trading commissions (Gold Account Type)

 

PLATFORMS:

□ MetaTrader-4

□ MetaTrader-5

□ cTrader

SCALPING: YES

  • Free VPS

$20 Minimum Deposit Amount

FUNDING METHODS

  • WIRE
  • CARDS
  • SKRILL
  • NETELLER
  • FASA PAY
  • UNION PAY

WEB-SITE:

► Visit LQDFX

REVIEW:

► Review LQDFX

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

 

NZDUSD ANALYSIS

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