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FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
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.
client accounts
FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
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FxPro has received constant recognition in the industry, winning over 125 international awards to date for the quality of its services.
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