Correlation Matters No More

For the longest time, I've been saying that the correlations between the currency pairs have been weakened.

Traders have asked me why I have NZDJPY and NZDUSD in my portfolio. Doesn't it move in the same direction?

Over the years, these correlated pairs move pretty differently. And recently, the WTI and Gold have no longer moved in an inverse relationship.

So yeah, I'm treating them as their own.

Although both the 4-hourly and 1-hourly charts show buying opportunities through a potential Bullish Bat Pattern and a Bullish Shark Pattern, I'm more interested in waiting for a shorting opportunity on the 5-0 Pattern.

What's your take on the NZDUSD?