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The S&P 500 and the Australian $ have a decent correlation ratio over the past couple of years.

Several peaks in the 500 index took place right along with peaks in the Australian $ over the past year.  Keep a close eye on the AUD$ to see how it acts at prior key resistance. 

If history is a guide, a breakout in the AUD$ would be a positive for the 500 index at resistance!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past