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AUDUSD + Gold Australian | 21ST MARCH 2017

AUDUSD + Gold Australian | 21ST MARCH 2017

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 AUDUSD weaken.

Alternatively, even good news, may see selling of the news….

Currently the AUDUSD is struggling against the top of its range.

AUDUSD

If AUDUSD heads down, then it will trigger Australian gold to reach $1600+ again:

Australian Price of Gold

 

Faithfully

|the Merchant

 

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