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The Australian Dollar / New Zealand Dollar cross represents the two Australasian currencies, which often trade similarly against other currencies due to the similar geographical locations and high rollover rates. Therefore, the cross moves on the actual changes in the local economies, and is not heavily affected by risk-trends or global factors. Commodity exports represent a significant segment of both economies with Australia shipping energy products and ferrous metals; while New Zealand is more known for its export of wool, meat and milk.
73% of retail CFD accounts lose moneyTrading forex carries a high level of risk
Brent crude oil’s sharp sell-off and recovery after OPEC+ stick with January plan but reserve the right to alter the decision. Get your market update from @RichardSnowFX here: https://t.co/S0YyRXuGn1 https://t.co/U62pOHWsoC
$USDCAD support test, oil bounce helping + a quick shot of $USD weakness
I highlighted this yday - when you see that wick coverage atop those h4 candles, not great for bulls
doesn't mean that it can't go up but odds aren't great imo https://t.co/moHXMbAjtd
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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