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WhiskeyTangoFoxtrot3

Iron Ore AUDUSD Correlation Divergence

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
WhiskeyTangoFoxtrot3  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis Harmonic Patterns aussie dollar aussiedollar aususd aususdtrade DXY australia australiandollar ORE
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trendanalysis beyondta harmonicpatterns aussie dollar aussiedollar aususd aususdtrade dxy australia australiandollar ore
AUDUSD and iron ore have been quite tightly correlated over the years as it is one of Australia's number one exports. Now there is divergence which should be looked upon with high skepticism. Either the Aussie dollar will rise on the prospect of higher demand or the price of iron ore will retreat on the continue lack of demand if the supply side cannot remain limited.
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