FX:AUDUSD   Australian Dollar / U.S. Dollar
55 2
Nothing to add here. everything is on the chart.
just a question, if AUD goes down, what's the correlation of that with EURAUD. I'm thinking that's going to go down too! isn't this contradictory?
Basically there are two ways for EURAUD to go lower while AUDUSD is bearish.
1) EURUSD moves to the downside FASTER than AUDUSD = EURAUD to the downside.
2) EURUSD moves to the downside SLOWLY and AUDUSD does nothing (range) = EURAUD lower.
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