The US Dollar is the most traded currency in the world while the NZD is consistently listed in the top ten, which makes NZD/USD an appealing currency pair amongst forex traders.
It is popular due to various factors, the main of which are the high levels of liquidity in terms of trading volumes and number of players, and sensitivity to big long-term trends, means that the market constantly changes, develops different patterns, and so on.
Trading a major currency pair such as NZD/USD is especially appealing for technical traders who use trends and patterns on the chart as their signals, and can therefore benefit from the dynamic and ever changing environment of the Kiwi.
As with all currencies, economic and political events, the import and export trade in the country, and occasional crises can play a part in affecting the fluctuations in the exchange rate. News and data about the economy of the US and New Zealand politics are constantly available and should be followed to keep up to date with factors which can influence the markets.
Financial institutions, such as the US Federal Reserve Bank (Fed) and the Reserve Bank of New Zealand release regular reports which traders pay attention to as well as the NonFarm Payroll numbers when trying to determine future movements.
Technical Forecast for NZD/USD
Technical NZD/USD forecast focuses on the technical analysis and key levels depending on the selected time-frame. Shift between time-frames to learn the technical analysis for NZD/USD in real time.
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