Commodity Prices

Gold •527 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,762.50	+49.30	+2.88%
WTI Crude •20 mins	57.44	-0.16	-0.28%
Gasoline •20 mins	1.752	-0.008	-0.44%
Ethanol •527 days	2.161	+0.000	+0.00%
Silver •527 days	30.82	+1.16	+3.92%

Silver • 527 days	30.82	+1.16	+3.92%
Copper • 527 days	4.530	+0.111	+2.51%
Brent Crude • 16 mins	61.21	-0.07	-0.11%
Natural Gas • 20 mins	4.113	-0.118	-2.79%
Heating Oil • 20 mins	2.198	-0.031	-1.39%

Headlines

911 days Will The ECB Continue To Hike Rates?
912 days Forbes: Aramco Remains Largest Company In The Middle East
913 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,313 days Could Crypto Overtake Traditional Investment?
1,318 days Americans Still Quitting Jobs At Record Pace
1,320 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,323 days Is The Dollar Too Strong?
1,323 days Big Tech Disappoints Investors on Earnings Calls
1,324 days Fear And Celebration On Twitter as Musk Takes The Reins
1,326 days China Is Quietly Trying To Distance Itself From Russia
1,326 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,330 days Crypto Investors Won Big In 2021
1,330 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,331 days Food Prices Are Skyrocketing As Putin’s War Persists
1,333 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,334 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,337 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,338 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,338 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,340 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Daily Technical Report

By - Nov 23, 2011, 6:00 AM CST

AUD/USD:Exited Short position. All 3 objectives met. AUD/USD is extending its decline, having recently broken through the 1.0000 psychological level.

The sustained move below 1.0000 is now compounding downside pressure on the rate's multi-year uptrend and push back towards 0.9611.

Elsewhere, the Aussie dollar remains strong against the New Zealand dollar. The pair is now is within a temporary positive cycle structure while it holds above its 200-day MA.

The Aussie dollar has reversed gains against the Japanese yen and is now trading back below the long-term 200-day MA which is currently at 82.80. Watch for further downside scope into 72.00 which would signal further unwinding of risk appetite.

Daily Technical Report