AUDNZD vs Copper

Comparing Copper ETF to AUDNZD suggests Copper could be a viable leading indicator for this Commodity FX pair on a longer-term basis (weeks or months). The lead time varies between 1-3 months but so far has produced 3 reliable signals, warning of a trend reversal or continuation on AUDNZD. Also interesting to note is the correlation between Copper and AUDNZD as being generally low (between 0 and 0.4) so these 2 markets could even be traded alongside each other without worrying too much about the markets mirroring each other on a longer-term basis.

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