The Australian dollar against the New Zealand dollar is an interesting combination of one cross pair of two almost identical commodity currencies in the Pacific region.AUDNZD online signals todayEach currency included in this pair is very dynamic and other combinations offer good activity. But together, AUD and NZD are unidirectional and therefore cannot boast of great volatility, but on the other hand, this is also a plus,as it makes the pair more predictable in terms of forecasting.This is especially good for inexperienced traders.AUD/NZD: Trading signals, analytics and online forecastsAUD/NZD quotes on a chart with an indicator (online)The volatility calculator shows that the AUD/NZD averages 90 pips per day. Whether it's due to currency pair specifics or just happens to be, the days of the week have been pretty much the same (at least for the past 20 weeks), with the exception of Tuesday, which is the quietest trading day. During the day, currency pairs are most concentrated during the opening of the Hong Kong and Singapore stock exchanges in the Asian session,the opening of Sydney and Wellington, as well as during the first hours and the intersection of the European segment of trading with the American ones.General characteristicsThe AUD/NZD cross is a less common as set in the international currency markets, as evidenced by fairly high spreads in the10-15 pips range. However, the absence of the US dollar in a currency pair does not make it immune to the influence of the US dollar. This is due to the fact that all transactions for the transfer of one currency to another pass through the US dollar, and not directly.The AUD acts as the base currency and is purchased in New Zealand dollars.Most systems display exchange rate values in a standard format.This means that up to 4 characters (1.0832) will be displayed after the delimiter, but a more accurate graph will also display the 5-th character (1.08325).Read more: AUD/CAD: exchange rate, online forecast, currency pair overviewThe close parallelism of economies and the frequent one-sided orientation of charts do not contribute to high volatility, but it is not low either (80-100 points per day on average). The large spreads (10-15 pips) combined with the average activity of the currency pair make it unattractive for scalpers, and although it is not an exotic financial product, it has high liquidity compared to most other popular crosses. Most in demand among local merchants from Australia, New Zealand and some countries in the Pacific region.Factors influencing AUDNZD and what affects the courseAustralia is a large statein Oceania, located in the Southern Hemisphere and covering the entire continent. Prior to that, it had been a British colony for a long time and completely specialized in raw materials and the development of agriculture. Analyzing by sectors, we get the following picture:About 71% of GDP comes from trade and services (medical care,education, banking,hotels,restaurants, etc.).26% of GDP is still accounted for by industry (mining, manufacturing).Only 3% remains for agriculture.The state and economy of New Zealand are in many ways similar to neighboring Australia. A recently independent British colony, it is also an agricultural and resource-rich country that has made great strides in development in recent decades. However, there are differences both in the size of the territory and the amount of available resources, as well as in population, level of economic development and labor market conditions. According to the last two, New Zealand is somewhat worse than its “big brother” (many New Zealanders go to work in neighboring Australia, where there are more jobs and higher wages).Sectoral data on the structure of the New Zealand economy looks like this:71% of GDP comes from the service sector.Industry accounts for 24.3% of government revenue.4.7% remains in agricultural production.Today, the movement of this financial instrument is largely in line with other assets, such as stock indices and currency pairs (mainly commodities).Maximum correlation exists when:European stock indices FRA40 – 89.2%, FTSE100 and SPA35 by 88.9% each; AUD/CAD – 87%, NASDAQ100 – 85.2% Dow Jones – 84.8%, ZAR/JPY – 84.5%, S&P500 – 84.1%, USD/HKD – 81.2%, GBP/NZD – 80.2%.Read more: EUR/NOK: exchange rate, signals, online forecast for today & analysisThe analysis shows that the most pronounced negative correlations are in the NZD/JPY – -91.1%, NZD/USD – -86.2%, NZD/CHF – -84.6%, Dollar/Peso – -82.9%, Pound against Aussie – -81.5%, Euro/Rand – -79.7%, Dollar/Rand – -76.9%, Pound against Lira – -76.4%, as well as GBP/SGD – -74.2% and CHF/SGD – -73.6%.The last important detail for successfully predicting the AUD/NZD pair is the set of the most important factors that have the greatest impact.First of all, raw materials, minerals, precious metals, as well as non-ferrous metals and agricultural products that are very important for both countries. Next, mention should be made of the trade balance and economic indicators (GDP, inflation, business activity, etc.) of both countries.Central bank interest rates in both countries also play an important role.Both territories, due to their location, are subject to many different climatic hazards (tsunamis, earthquakes, floods, hurricanes, volcanic eruptions,etc.) and should be considered as an important factor in their impact.Features of AUDNZD currency pairCarry trading in pairs is currently not possible. This is because the difference in refinancing rates between the two countries is very small (1.75% for Australia and 1.50% for New Zealand), resulting in negative swaps (-0.11 points in long cases and -0.84 for short positions).The pair is doing well in medium-term trading on the H4 time frame. The dynamics of the price movement is clearly visible and flows very smoothly compared to both the hourly and daily charts. This does not mean that trading on other time frames will be completely inconvenient. For novice traders, today's 4-hour time frame is the best solution.Read more: EUR/AUD: exchange rate, online quotes, signals, forecasts & analyticsDue to the large spread and not the strongest volatility, scalping this pair is not very profitable. Even experts cannot squeeze much profit out of AUD NZD at best, but experienced long-term workers can earn 150% or more ...