USD Intermediate Cycle — 2 Comments

  1. The AUD has just hosted a DCL and is again moving higher, despite comments from the RBA about tame inflation and maintaining low interest rates.

    This is the start of the 3rd daily cycle of this IC which commenced 09 May. I expect it to be right translated and strong with commodities to follow higher, (AUD often seen as a proxy for commodities).

    BHP in particular is a big producer of copper from Olympic Dam in Australia (4th largest copper deposit in world).

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