Tuesday, June 6, 2017

Top Trades of the Month – NZD/USD Currency Pair

Dear Nasril Nizam

Top Trades of the Month – NZD/USD Currency Pair

Have you been following recent forex developments? Here is how much you could earn by trading NZDUSD currency pair.

New Zealand dollar (NZD) has been strengthening since mid-May with recent positive data.

  • Based on our NZDUSD technical analysis released on May 25, you could buy 100,000 NZD with 1:100 leverage at the exchange rate NZDUSD 0.7046 on May 26, 2017 by investing $704.6 (the margin for this position).
  • Close the position on June 5 at the exchange rate NZDUSD 0.7135.
  • Therefore, by investing just $704.6, you could earn $629.8 (net of $2.1 swap charge), that is you increase the investment by about 89%.

Try your own successful strategy by trading large number of currency pairs with IFC Markets.

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