CLICK ON CHART TO ENLARGE
The Australian $ has a decent track record per being a leading indicator for the S&P 500. Over the past few years, breakdowns in the AU$ has resulted in weakness by the S&P 500.
This morning the AU$ is attempting to break support that dates back to the lows hit this past May.
One day does not make a trend, so keep a close eye on where the AU$ heads from here, because it could help you with portfolio construction in a big way!
–
