{"id":9764,"date":"2021-09-09T18:46:35","date_gmt":"2021-09-09T15:46:35","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=9764"},"modified":"2026-05-26T10:57:14","modified_gmt":"2026-05-26T07:57:14","slug":"nzd-usd-in-detail-how-to-trade-kiwi-dollar","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/09\/09\/nzd-usd-in-detail-how-to-trade-kiwi-dollar\/","title":{"rendered":"NZD\/USD in Detail: How to Trade Kiwi Dollar?"},"content":{"rendered":"\n

<\/span>NZD\/USD: brief history<\/span><\/h2>\n\n\n\n

The full name of NZD<\/a> is New Zealand dollar (NZ$). Its story began in the 1970-s as a result of talks inside the International Monetary Fund. There were made several decisions about free conversion via a floating rate based on the supply-demand balance in the market<\/p>\n\n\n\n

Until 1967, the New Zealand national currency was bound to the British pound and called New Zealand pound. In 1967, New Zealand dollars were first printed and bound to the exchange rate of the USD. In 1973, the floating bind to the American dollar changed for a bind to a basket of the currencies of the main trade partners. However, even such an alteration in dependence did not save the economy of New Zealand from major crises of the 20th century. Nonetheless, NZD\/USD is nowadays one of the 8 most popular currency pairs in For example. Among traders, this pair is frequently referred to as Kiwi dollar because this bird is imprinted in a 1 dollar coin. Kiwi is a national symbol of New Zealand.<\/p>\n\n\n\n

<\/span>What influences NZD\/USD<\/span><\/h2>\n\n\n\n

The national currency of New Zealand is a highly-profitable commodity currency. Its movements in Forex<\/a> correlate with oil and gold<\/a>. A major economic partner<\/a> of New Zealand is Australia, hence, all macroeconomic events in Australia are directly reflect my in the NZD rate. Simultaneously, the NZD correlates with the USD, which means American macroeconomic indices<\/a> influence the NZD as well.<\/p>\n\n\n\n

The Central Bank of New Zealand struggles against excessive strengthening of the national currency in order<\/a> to support export. This often leads to increased market volatility<\/a> of the currency.<\/p>\n\n\n\n

The Central bank of New Zealand publishes the main data once a quarter and files a final report annually. Hence, the market has a good chance to use this pair as a safe-haven asset. Traders successfully use the carry trade strategy to make a profit on the Kiwi dollar.<\/p>\n\n\n\n

<\/span>How to trade NZD\/USD in Forex?<\/span><\/h2>\n\n\n\n

You can trade NZD\/USD by fundamental analysis<\/a>, tech analysis<\/a>, or indicators<\/a>.<\/p>\n\n\n\n

<\/span>Trading by fundamental analysis<\/span><\/h3>\n\n\n\n

Fundamental factors are:<\/p>\n\n\n\n