AUDUSD and NZDUSD are both commodities currencies and they tend to move in tandem. That means, when AUDUSD is up, so is NZDUSD.
With China's economy recovering now, the commodities currencies that are dependent on it will also benefit. Therefore, we can easily conclude traders will long AUD and sell JPY thus we long AUDJPY.
With China's economy recovering now, the commodities currencies that are dependent on it will also benefit. Therefore, we can easily conclude traders will long AUD and sell JPY thus we long AUDJPY.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.