Why do people trade AUDNZD and other such closely correlated currencies ?
maybe i'm missing the point ....(probably)......I look for currencies that are Negatively Correlated and trending ....which does not usually include these 2 guys ......
Heres a chart (indicator available here)..........look at the aussie
dynamic duo for 2020 so far
https://uk.virginmoneygiving.com/FXCorrelator
Close ? ....yes ? ......they are glued together compared to others
look at the pippage from trading non correlated / diverging currencies .....CADJPY and GBPJPY for example had put on over 2,000 pip moves verses perhaps a few hundred on AUDNZD....
hey trade what you want .....but you rarely will see these correlating dudes on my hit lists ....
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