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
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?
Trade Safe!
Raul Lopez
http://www.straightforex.com/