Courtesy of Chris Kimble.
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The chart looks at the price patterns of the Aussie Dollar over the past 20-years.
The trend on the AU$ is up over the past couple of decades and it is down since peaking back in 2011.
The decline of late has the AU$ testing 17-year rising support and the apex of a potential bullish falling wedge at the same time.
Should the AU$ happen to hold at support and break above resistance of the falling wedge, it would send a positive message to metals and commodities.
Gold, Silver, and Commodities very much need the AU$ to hold at this dual support test!!!
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