Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The AUD/NZD currency combination, commonly called the ‘Aussie Kiwi’, retains a sizable following. It is less traded than many other pairs, and as a result, it tends to fluctuate more often than some of its AUD and NZD cross counterparts. Spreads are wide due to the medium-sized liquidity of the market which is suitable for strategies with the relatively high-risk threshold.
To make forecasts for AUD/NZD, you need to keep in mind a set of the most important factors that have the greatest impact on the quotes. First of all, stay up to date with the prices of raw materials, minerals, precious and non-ferrous metals, as well as agricultural products futures. All these commodities are very important to Australia and New Zealand. Then you need to mention the trade balances and economic indicators of both countries (GDP, inflation, level of business activity, etc).
If you are interested in trading the AUD/NZD currency pair, contact TNXTrade today and open account in several minutes.
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