Sunday, January 19, 2014

AUD and Gold



Similar drop and double bottom, although the change in the AUD seems to be about 1 month later.  The big drop in gold was on Apr 15, and the AUD didn't drop until May.  Gold had a high about Sept and the AUD had a short-term peak about October.  So the little rise now may show up in the AUD in February.


Update: Don't forget this chart.  The price of gold in AUD also dropped, but not as much as in USD because of the drop in AUD against the USD.  And the recovery in the price of gold in late August didn't help the AUD at all.  The recent spike in the gold price also shows up as a spike here.  So a recovery in the gold price may not help the AUD.

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