Traders can use the correlation coefficient on the 240-minute timeframe to help them determine where AUD/USD and NZD/USD may be headed next. USD/CNH has been on the move as fears of additional lockdowns due to covid grip the markets. Lockdowns could lead to slower production and slower growth. Shanghai is currently entering its fourth week […]
The post AUD/USD and NZD/USD Highly Correlated with USD/CNH appeared first on Action Forex.
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