I dont really see how the AUD can fall here given iron ores...

I dont really see how the AUD can fall here given iron ores recent rise. (Fundemental)
Or perhaps the Aussie will drop entirely off the strength of U.S dollar, and the whole commodities are priced in U.S dollars narrative. (which should make the whole game net neutral). Or there could be other dominant factors at play... i.e Aussie weakens because of Trumps a chump trade musings.

Does anyone care to comment on this? I really need to get my head around exchange right now as especially critical in my gold stocks I feel.

Cheers