Originally published by Chamber of Merchants
The Australian dollar could be topping out here…
The RBA minute meetings are released in about an hour and housing prices will be released around the same time. An RBA that sound less confident and/or house prices that disappoint could see the AUD/USD weaken.
Alternatively, even good news, may see selling on the news….
Currently the AUD/USD is struggling against the top of its range.
If AUD/USD heads down, then it will trigger Australian gold to reach $1600+ again:
Faithfully.
|the Merchant