Forex Opinion & Analysis

Australian Dollar Mirroring Gold’s Price Advance

 

AUD/USD
-0.21%

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Gold
-0.21%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
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Create

+ Add another position
Close

The “Aussie” is demonstrating high correlation to Gold recently. AUD/USD has recovered between the low and the mid Fibonacci resistance levels of this year’s move from high to low, exactly like gold.

AUD/USD Daily Chart

Source

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