A Message from the Australian Dollar Leading Indicator?

December 21st, 2012

by Chris Kimble

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

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!

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