Elliott Wave Live: Aussie Dollar Correlations to Ring in the New Year

Saturday, January 1, 2011

Aussie Dollar Correlations to Ring in the New Year

The Aussie Dollar's positive correlations to their main exports implies tandem moves in Aussie Dollar and these commodities. Does my elliott wave count agree with this correlation?

The rallies in Gold, Copper and Wheat implies further strength in Aussie.

Gold / AUD ratio shows possible near term weakness in Gold near term bf move to 1500 region. The implications of the ratio bode well with my EW gold count.

I'm looking for an entry in Gold.. playing one more thrust upward. Watch 1350 region for support in Gold.

Best of Trading

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Saturday, January 1, 2011

Aussie Dollar Correlations to Ring in the New Year

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