My idea primarily based on the fact that prices for commodities like oil, copper iron ore are falling. Australia is dependent of export these raw materials. to china and rest of the world. Similar scenario is visible in Brazil, Venezuela, Norway.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.