$XAD, Australia Dollar, 2 hr chart, Double bottom and
Inverse H&S. The Aussie $ is correlated to its commodity sales
to China (Coal, Iron Ore) . A upward break in the $XAD may mean a
drop in the $USD and a lift in commodity prices.
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$XAD, Australia Dollar, 2 hr
Posted by elliotw on 15th of Nov 2018 at 05:29 pm
$XAD, Australia Dollar, 2 hr chart, Double bottom and Inverse H&S. The Aussie $ is correlated to its commodity sales to China (Coal, Iron Ore) . A upward break in the $XAD may mean a drop in the $USD and a lift in commodity prices.