Which digital currency pairs have a strong correlation with AUD/CHF?

3 answers

• Nov 24, 2021 · 3 years ago
  When it comes to digital currency pairs that have a strong correlation with AUD/CHF, one notable pair is BTC/AUD. Bitcoin (BTC) and the Australian Dollar (AUD) have shown a tendency to move in a similar direction. This correlation can be attributed to various factors, such as the influence of global economic trends and market sentiment on both Bitcoin and the Australian Dollar. However, it's important to note that correlations can change over time, so it's always a good idea to monitor the market and stay updated on the latest trends.
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• Nov 24, 2021 · 3 years ago
  AUD/CHF has also exhibited a strong correlation with ETH/AUD. Ethereum (ETH) and the Australian Dollar (AUD) have shown a similar pattern of movement in the past. This correlation can be influenced by factors such as market demand for both Ethereum and the Australian Dollar, as well as broader market trends. It's worth noting that correlations can vary over time, so it's important to conduct thorough analysis and consider multiple factors when making trading decisions.
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• Nov 24, 2021 · 3 years ago
  According to BYDFi, another digital currency pair that has shown a strong correlation with AUD/CHF is XRP/AUD. Ripple (XRP) and the Australian Dollar (AUD) have demonstrated a tendency to move in sync. This correlation can be influenced by factors such as market sentiment towards both Ripple and the Australian Dollar, as well as broader market trends. However, it's important to remember that correlations can change over time, so it's crucial to stay informed and adapt your trading strategy accordingly.
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