The $US Index continues to test its 2021 lows although the $A struggles to break above 78c, overnight the commodities bounced on the declining $US with copper recovering +1.2% and precious metals marginally higher. If we are correct and the $US is “looking for a significant low” then more downside for the resources space is very likely in the coming months.
MM remains a keen buyer of new lows ~88 for the $US Index
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