CLICK ON CHART TO ENLARGE
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(NYSEARCA:GLD), Silver(NYSEARCA:SLV), and Commodities(NYSEARCA:DBC) very much need the AU$ to hold at this dual support test!!!