I've been looking for a reversal in markets for some time and Thursday's price action gave a taste of what could be good things to come.
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We've been playing the oversold Buck in anticipation of a reversal that has b...
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Here's another look at why we're at such an important point with EURUSD.
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The technicals are not looking great if you're a US Dollar bull. At the same ...
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Lots went on this past Friday and we could be in for another busy one this we...
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The Euro has pulled back from this week's 2017 high but it's no time to be se...
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This latest USDCAD collapse is another bump for my trading, though the price ...
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Explore Currency PairsThe Australian Dollar cross with the New Zealand Dollar (AUD/NZD) currency pair is often used when traders are looking to eliminate external fundamentals associated with both risk correlated currencies, so that they can isolate developments on the domestic fronts and progress within the respective economies.
Both the Australia and New Zealand economies are heavily reliant on exports. Australia is focused on shipping energy products and ferrous metals, while the New Zealand economy is driven off exports of wool, meat and dairy. So if you’re looking to eliminate risk associated with the broader global economy and just want to trade the two economies against one another, the AUDNZD cross rate is the way to go.
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