Next up, you should take a look at any additional fees that may be tucked away in the fine print for transferring your money. ThatвЂ™s a big difference of NZD $1016 - enough to buy her a return ticket between Auckland and Sydney! Tip 2# Check the fees that apply At the time of writing, an independent FX agency like Torfx was offering NZD $20,816 for her Aussie dollars, whereas a major bank was only offering NZD $19,800. Take this scenario for example - Suzan is planning on moving to Auckland for a year and needs to transfer AUD $20,000 to a bank in New Zealand. Always remember even a small difference in rates can have a big impact on your final value. When youвЂ™re comparing IMT providers for sending money to New Zealand, the one thing thatвЂ™s got to be your top priority is finding a competitiveВ exchange rate for the Kiwi dollar. Tip 1# Hunt down a competitive exchange rate But before you give in to the temptation of just going with the first familiar brand you see on the list, take out three minutes from your busy schedule to read our top tips that can help you pick the best IMT provider based on your needs and get the biggest bang for your buck. Registered Address: 19 North Sangamon Street, Chicago, IL 60607.Top tips for sending money to New ZealandД¬onsidering the large number of providers that offer to send money from Australia to New Zealand, itвЂ™s more than understandable if youвЂ™re feeling a bit confused with all the choices in front of you. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.ДЇX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.ДЇX PUBLICATIONS IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. However, NZD/USD may ultimately track the negative slope in the moving average if it fails to clear the May high (0.6558), with a break/close below the 0.6470 (50% retracement) to 0.6480 (78.6% expansion) region opening up the Fibonacci overlap around 0.6370 (50% retracement) to 0.6430 (78.6% expansion). NZD/USD is on the cusp of testing the May high (0.6558) as it manages to hold above the 0.6470 (50% retracement) to 0.6480 (78.6% expansion) region, with a break/close above the 0.6570 (61.8% expansion) area bringing the 50-Day SMA (0.6599) on the radar.ДЄ move above the moving average may push NZD/USD towards the 0.6630 (50% expansion) to 0.6640 (23.6% expansion) region, with the next area of interest coming in around 0.6690 (38.2% expansion) to 0.6710 (61.8% expansion). Keep in mind, NZD/USD reversed course ahead of the June 2020 low (0.6185) as it struggled to close below the 0.6230 (61.8% retracement) region, with the advance from the May low (0.6216) pulling the Relative Strength Index (RSI) out of oversold territory.

In turn, NZD/ USD may attempt to test the 50-Day SMA (0.6599) for the first time since April on the back of US Dollar weakness, but lack of momentum to test the indicator may cast a bearish outlook for the exchange rate as the moving average reflects a negative slope.

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