ChallengesTick chart
Tick chart for AUDNZD, 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 being time-based.
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About AUDNZD
The AUDNZD pair is the abbreviation for the Australian Dollar (AUD) against the New Zealand Dollar (NZD). Australia is New Zealand's biggest trading partner. Therefore the performance of the New Zealand economy and the NZD, is closely linked to the Australian economy and AUD. Due to this extremely close correlation, when compared to other currency pairs, the NZD to AUD exchange rate remains one of the most stable. More often than not, it is the interest rate differential between the two countries, that dictate the prevailing NZD to AUD exchange rate.