AUD/NZD Australian Dollar / New Zealand Dollar

AUD/NZD is the exchange rate for the Australian dollar against the New Zealand dollar. It tells traders how many NZD are needed to buy a single AUD.

The two currencies tend to trade in a similar way against other global currencies due to their geographical proximity and similar position as commodity exporters. This means that the AUD/NZD pair tends to be more impacted by changes in the local economy rather than global economic factors.

As both currencies are commodity currencies, the value of the pair can be affected by the price of exports – such as energy products, metals, meat, and milk.

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Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

  • Bid
  • Ask

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Understanding Pivot Points

Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
Learn more about Technical Analysis