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UnknownUnicorn5227713

MACRO AUD/USD ANALYSIS

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
UnknownUnicorn5227713  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Fundamental Analysis Wave Analysis Trend Analysis
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fundamental waveanalysis trendanalysis
The recent rise in the AUD is mostly due to the rising iron ore price.

So why didn't the AUD rise during the last time iron ore spiked in 2018 & 2019?
This is because of the declining interest rate differential with the United States (Aus bonds yields - US bond yields) which has now been restored after recently going negative.
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