AUDUSD SELL Short

AUD/USDOANDA

Description

⋅ Jan 21, 2021 8:56 AM

Since I'm looking to short gold, I will short currencies that have a correlation with gold.

Comments

EasyCharts

⋅ Jan 21, 2021 11:03 AM

How come you reckon the Aussie dollar is correlated yet the US dollar is not? 🧐

Charles-OW

⋅ Jan 21, 2021 12:12 PM

@EasyCharts, Aussie dollar isn't a safe haven like the US dollar. Plus, the Aussie dollar has an 80% correlation with gold.