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Chart of the Week

As most of us know the Aussie Dollar along with copper is largely regarded as the perfect proxy for growth and over the last fortnight it’s rallied strongly embracing Gladys  vaccine led reopening strategy although weakness in the $US has certainly assisted the move. We remain bullish the $A into 2022 targeting the 85-90c area and our “Gut Feel” is the local currency has finished its 6-month correction from the 80c area – another good read through for the Resources Sector.

MM’s is bullish the $A medium-term
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The Australian Dollar
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