Thursday, December 20, 2018

The Aussie's Divergence from GOLD

The Aussie usually trades in line with the price of GOLD gaining more correspondance contrary to the Dollar. The AUDUSD recently diverged from the price of spot GOLD which gives me the notion that this pair will soon correct itself if GOLD continues to appreciate. We have key support around .6980 with a 3 year low at .6900. We could see more appreciation around the new "Year" if Gold continues to rise above the price of the Dollar.

Let's see how the Dice Roll...



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