* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
NZDUSD, AUDUSD spreads may fluctuate above the stated maximum every Wednesday, between the hours of 08:00 PM – 11:00 PM (GMT).
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
NZD/USD is among the ten most traded currencies in the world. Like the Australian dollar, the New Zealand currency was benefited over the past few decades from a commodity boom that has driven its value to soar.
This pair now symbolizes the relationship between two of the most influential economies. It’s interesting that the Reserve Bank of New Zealand was forced to introduce devaluation measures in 2012. It is suitable for everybody; from the novice traders to the professionals.
The highs and lows reflected in 1991 and 2012 are important support/resistance levels. In the long run, they can serve as targets for Stop Loss and Take Profit placements. Also, analyzing NZD/USD you should keep in mind important macroeconomic data (GDP, Consumer Price Indices, Unemployment rate, Interest rates, and others). The pair is highly dependent on the volume of goods’ export volume, as well as oil prices.
If you are interested in trading the NZD/USD currency pair, contact FxPro today.