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Is there correlation between two economies?

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U.S. Dollar / Swiss Franc (FX_IDC:USDCHF)  
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FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
EURUSD elliottwavecorrection USDCHF correlation forecast EUR USD chf
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eurusd elliottwavecorrection usdchf correlation forecast eur usd chf
The line graph is EUR/USD & Candles USD/CHF
This is a common pair that traders say is inversely correlated...
Is there correlation between economies? Is it because of USD's part?
Will correlation make you the good R/R trades or structure?
Is there a way to trade the correlation (if any) effectively?

Draw your own conclusions & have a good weekend!
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