Keep an Eye on this world “leading indicator!”

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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 resulted in weakness by 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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