NZDUSD Pairs

Introduction The NZD/USD Pair

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NZDUSD Pairs

The NZD/USD (New Zealand dollar/US dollar) is the relation of the New Zealand dollar against the US dollar. The NZD is the official currency of New Zealand. There’s a long term positive correlation between NZD/USD and AUD/USD.

Forex Knowledge: Trading the New Zealand dollar/US dollar

  • Typical broker spread: 2-4 pips
  • Common used nicknames: Kiwi(New Zealand dollar)/Buck(US Dollar)
  • Most active trading sessions: NZD session and US session
  • Most active trading hours: 0:30 GMT-5:30 GMT and 12:00 GMT-17:30 GMT
  • Average daily range (high-low): 84 pips
  • Trading strategies to trade NZD/USD: Click here
  • Recommended level of trading experience: Intermediate
  • Value of one pip NZD/USD: $10 (standard), $1 (mini) and $0.1 (mirco)

Economic Events That Move The NZD/USD

A. New Zealand

  • Gross Domestic Product (GDP)
  • ANZ Commodity Price Index
  • Retail Trade
  • RBNZ Rate Decision

B. USA

  • Employment – (Non Farm Payrolls and Unemployment Rate)
  • FOMC Rate Decision
  • Trade Balance
  • Current Account Balance
  • Net Foreign Security Purchases (TIC)
  • Gross Domestic Product (GDP)
  • Consumer Confidence
  • ISM Manufacturing
  • Philadelphia Fed Survey
  • Durable Goods Orders
  • University of Michigan Consumer Sentiment Index
  • Consumer Price Index
  • Producer Price Index (PPI)
  • Advance Retail Sales
  • Fed President Speaks