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Australian Dollar Mirroring Gold’s Price Advance

12/02/2022

Less than a minute

2022.12.02 16:10

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Australian Dollar Mirroring Gold’s Price Advance

www.investing.com/analysis/australian-dollar-mirroring-golds-price-advance-200633043

Australian Dollar Mirroring Gold’s Price Advance

By Petros Steriotis | 12 hours ago (Dec 02, 2022 04:07AM ET)

Petros Steriotis

The “Aussie” is demonstrating high correlation to Gold recently. AUD/USD has recovered between the low and the mid Fibonacci resistance levels of this year’s move from high to low, exactly like gold.

AUD/USD Daily Chart