Tick chart for NZDUSD, showing each change in the ask or bid price. (If the spread is
very tight then the lines may overlap, and only the ask line may be visible.)
As well as a plain tick chart, you can use the "Tick speed" mode to add an indicator showing how long it has taken
for the last N ticks to happen. The lower the histogram, the faster the market is moving.
The "Timed" mode still shows each change in the ask or bid price, but the X axis of the chart is set to
constant units of time. You can use this to view individual ticks while still being able to distinguish between
fast and slow periods in the market.
The "Candles" mode draws tick candles. These are candles which form each time that N ticks happen, rather than
The NZDUSD pair is the abbreviation for the New Zealand Dollar and U.S. Dollar. The pair is also called the "Kiwi".
Together with the Australian Dollar and the Canadian Dollar, the NZD is a commodity currency, that is a currency
whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.). Along with the
Australian Dollar, the NZD has been for many years a traditional vehicle for carry traders, which has made this
currency also very sensitive to changes in interest rates. New Zealand is the world's 54th nation in terms of its GDP,
which stands at around $181 billion. It is also 69th in the world based on PPP. The economy of New Zealand is highly
dependent on trade, yet because it has only a small territory and is located a considerable distance from most of the
other major players in the world economy, it is consistently faced with international trading challenges.