In this video I break down the dollar chart. I quickly go through some fundamental data that's set to come out this week and at the end I give you some trade ideas I'm keeping an eye on.
I hope you enjoy. Please feel free to add anything you'd like in the comments!
The Australian Dollar has weakened in recent weeks due to Iron Ore prices declining as China's zero covid policy has caused investors to fear a slowdown in the world's second-biggest economy.
Australia exports 80% of Iron ore to China, so any slowdown in China will hit demand for Australia's commodity exports and put downward pressure on the currency.
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