Support now resistance. Watch AUD for what direction the gamblers think China will go next.
AUD/USD sitting on long term support. We know China is weakening but breaking support could be a sign of even further weakness in demand for global commodities.
Notice the correlation with SPX.
aud.png
Support now resistance. Watch AUD for what direction the gamblers think China will go next.
China is still doing okay but no longer burns white hot. That's a good thing for buyers of natural resources as China is not hoarding at such a rabid pace.
Retest of that support line failed in November.
audusd1.JPG
AUD clawed out of the hole and broke out today. Good sign that commodity demand in China is in full swing.
aud.JPG
Way too many people thinking the dollar is doomed and are not prepared for a dollar rally here. Gold putting in that lower high is forecasting a move higher in the dollar.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks