Tag Archives: aussie dollar

Australian Dollar Rally Meets Resistance

We stretched this chart of the Australian Dollar out over a longer timeline in order to show nearly the complete decline over the course of the last couple of years since making the all-time high around $1.10 to the U.S. Dollar. The long-term nature of this chart also provides a good example of the commercial trader category’s typical behavior, both good and bad. Finally, we’ll tie this back in at the end as we are nearing a critical juncture in the Australian Dollar and, commodities in general.

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