exploration

AUD/USD folows the Gold Market... Divergence

FX:AUDUSD   Australian Dollar / U.S. Dollar
338 0 0
There is a divergence on the monthly chart where the RSI has a lower high then the AUD/USD             but the Gold             Trust is the same as the RSI
As you can see AUD/USD             follows the Gold             Market in a similar pattern. Australia main product is Gold             . Gold             is widely perceived as a safe-haven investment, holding its value despite large changes in the stock market. The Gold             Trust is to approximate the gold             market as closely as possible. NZD/USD             has a similar pattern with AUD/USD            

Tips on how to trade Divergence with the RSI http://www.informedtrades.com/3946-relative-strength-index-rsi-trading.html
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