A Message from the Australian Dollar Leading Indicator?

By Chris Kimble of Kimble Charting Solutions
December 21, 2012

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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 correlated closely with weakness int 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!

 

(c) Kimble Charting Solutions
blog.kimblechartingsolutions.com

 

 

 

 

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