20.08.2013 - Commodity currencies could face fresh vulnerability
Interesting times for two of the main “commodity currencies”. The recent rebound in metal prices – iron ore and copper have had a good few weeks on raised hopes for Chinese demand – has helped the Australian dollar halt the slide that began mid-April. A dip below $0.90 has since been reversed and is one which technical analysts may come to see as a “head” in an inverted “head and shoulders” pattern. A possible precursor for an Aussie rebound?..............................................Full Article: Source
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