Currency correlations
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Help a beginner out here. I have started learning that some currency pairs are correlated so they basically all move together eg AUD/USD and NZD/USD. If I’m confident in my setup for one and it’s trending as expected should I be trading the other? I’ve also heard some people use currency correlations for hedging.
I guess what I’m getting as is how can I use currency correlations to my advantage?
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