AUDUSD & NZDUSD – I don’t like what I see

Usually the AUDUSD and the NZDUSD are closely correlated, when the Australian dollar is bullish, the New Zealand dollar tends to be also bullish (positive correlation), but this week hasn’t been the case:

AUDUSD & NZDUSD
AUDUSD & NZDUSD

As you can see in these charts, the AUDUSD is in a clear bullish market condition while the NZDUSD is in a bearish market condition, what do you think?

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Raul Lopez
http://www.protradingnow.com/


Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .