Australian Dollar vs New Zealand Dollar •AUDNZD•



The AUDNZD is a minor currency pair representing the forex quote for the Australian dollar (AUD) against the New Zealand dollar (NZD). Both currencies represent two economies that often trade similarly against other currencies due to their geographical proximity and high rollover rates. It is considered as a safe currency pair for traders seeking to avoid the volatility that comes with the US markets and other major currencies. Commodity pricing has a direct bearing on the exchange rates of the pair as both economies are highly dependent on trading natural resources. The AUDNZD has a smooth trend line although it can end up in periods of sideways markets for prolonged periods of time.

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