To add to Griffin post
If you are trading Commodity pairs NZ CD AD then New Zealand milk price, crude oil for CD and Iron ore for Aussie is important.
Example oil dropped from 61 to 52 and look at UC price.Hope this helps in addition to charts.
For me its always interesting about fundamentals why exactly instrument is depreciating or appreciating.
If you are trading Commodity pairs NZ CD AD then New Zealand milk price, crude oil for CD and Iron ore for Aussie is important.
Example oil dropped from 61 to 52 and look at UC price.Hope this helps in addition to charts.
For me its always interesting about fundamentals why exactly instrument is depreciating or appreciating.
In trading, you have to be defensive and aggressive at the same time