How does the relationship between the AUD/USD and NZD/USD pairs typically manifest in Forex trading?
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The relationship between the AUD/USD and NZD/USD pairs typically manifests as a positive correlation in Forex trading. Both pairs are influenced by similar economic factors, such as commodity prices and economic conditions in Australia and New Zealand. When the AUD strengthens against the USD, the NZD often follows suit, and vice versa, due to their close economic ties and shared influences. Traders often watch these pairs together to gauge potential movements and make informed decisions.