Copper Leading the Australian Dollar?

We are long AUD/USD and looking forward to the pair playing some catchup with copper prices.  The chart below compares weekly copper futures prices to the AUD/USD spot price.  Copper has moved above a key intermediate-term swing resistance level; Aussie has not.  The bottom pane of the chart shows the 10-year benchmark spread between Australia and the United States.  The down trend line going back to 2010 has been broken. 

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