As we can see from this long weekly chart, AUDUSD has been guided lower by this trend line since 2013.
A 4 year bear market ensured, with a downturn in commodities prices.
Early in 2017, we saw this trendline broken, and now we are back testing this trend line now.
I'm of the view that we are at the start of a new commodities bull market, that will propel AUD higher.
A 4 year bear market ensured, with a downturn in commodities prices.
Early in 2017, we saw this trendline broken, and now we are back testing this trend line now.
I'm of the view that we are at the start of a new commodities bull market, that will propel AUD higher.
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