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 |
|
REGULATED BY:
US TRADERS: NO |
NZDUSD SPREADS: 0.1 pip on Raw Spread Account & $7 per lot commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 □ cTrader SCALPING: YES
|
$200 Minimum Account for all trading platforms FUNDING METHODS
|
Wide Asset Index and Fast Order Execution WEBSITE: |
|
REGULATED BY:
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
|
WEBSITE: REVIEW: ► Review |
PAIRS: » EURUSD | » GBPUSD | » USDJPY | » USDCAD | » EURGBP | » EURJPY | » AUDUSD
◙ NZDUSD ANALYSIS
CarryTrader.com
