AUD/NZD


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AUSTRALIAN DOLLAR/NEW ZEALAND DOLLAR Trading

The Australian Dollar / New Zealand Dollar cross shows the two currencies from Australasia, which often trade together against other currencies because of their similar geography and high rollover rates. As a result, the cross doesn't pay much attention to risk trends or global factors, so it moves on to the real changes in local economies. Exporting commodities is a big part of both countries' economies. Australia sells energy products and ferrous metals, while New Zealand is better known for its wool, meat, and milk.

History of AUD/NZD Trading

Why Many Forex Traders Consider the AUD/NZD currency pair to be their favorite. Both currencies are seen as risky. This combination enables you to avoid scenarios in which a significant economic or political event destabilises the approach you developed using technical analysis.

AUD/NZD Forex Chart
Instrument: AUD/NZD
Spread: 0.00025
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -0.0035%
Overnight Interest (daily) Buy: -0.0078%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: AUD/NZD

AUD/NZD Trading FAQs

As for the currency pair itself, it has all the qualities a day trader looks for. It is highly volatile although not the most volatile pair there is, which may expect the relatively low popularity of AUD/NZD.

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Source - database | Page ID - 3236

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