Australian Dollar Mirroring Gold’s Price Advance

Australian Dollar Mirroring Gold’s Price Advance

 
AUD/USD
-0.21%
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Gold
-0.21%

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
AUD/USD Daily Chart

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