AUDNZD ...why bother ?
Why do people trade AUDNZD and other such closely correlated currencies ?Â
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 farÂ
https://uk.virginmoneygiving.com/FXCorrelator
Close ? ....yes ? ......they are glued together compared to othersÂ
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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