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Commodities
Commodities
“Commodity dollars”: How to Forecast Their Trends Without News
by Editorial Staff
Updated: March 18, 2022
The Aussie dollar and the Canadian dollar are known as "commodity dollars" because their trends tend to correlate with trends in precious metals and oil. Lately, rising commodity prices have "helped" those currencies. But could you have foreseen the rise in Australian dollar before the inflation headlines? Yes -- watch our Currency Pro Service editor watch you through Elliott wave patterns in AUDJPY and explain how.
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