Commodity Prices

Gold •647 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,065.20	-46.90	-2.22%
WTI Crude •22 hours	95.81	-2.06	-2.10%
Gasoline •22 hours	3.016	+0.015	+0.51%
Ethanol •647 days	2.161	+0.000	+0.00%
Silver •647 days	30.82	+1.16	+3.92%

Silver • 647 days	30.82	+1.16	+3.92%
Copper • 647 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	95.20	-0.72	-0.75%
Natural Gas • 22 hours	2.652	-0.018	-0.67%
Heating Oil • 22 hours	3.745	-0.192	-4.87%

Headlines

1,031 days Will The ECB Continue To Hike Rates?
1,031 days Forbes: Aramco Remains Largest Company In The Middle East
1,033 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,433 days Could Crypto Overtake Traditional Investment?
1,438 days Americans Still Quitting Jobs At Record Pace
1,440 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,443 days Is The Dollar Too Strong?
1,443 days Big Tech Disappoints Investors on Earnings Calls
1,444 days Fear And Celebration On Twitter as Musk Takes The Reins
1,446 days China Is Quietly Trying To Distance Itself From Russia
1,446 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,450 days Crypto Investors Won Big In 2021
1,450 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,451 days Food Prices Are Skyrocketing As Putin’s War Persists
1,453 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,454 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,457 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,458 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,458 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,460 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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

AUD/USD: Moving Below the Support at 1.0323

By - Oct 02, 2012, 5:19 AM CDT

AUD/USD is moving below its short-term support at 1.0323 (11/09/2012 low). A test of the strong support at 1.0177 is likely. Hourly resistance is at 1.0404.

The proximity of the down trendline, coupled with medium-term oscillators near overbought levels, favours a phase of weakness. However, should a break to the upside out of the symmetrical triangle occur, it would force us to review our strategy.

Daily Technical Report