Commodity Prices

Gold •318 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	990.20	-5.20	-0.52%
WTI Crude •23 hours	62.49	+0.87	+1.41%
Gasoline •23 hours	2.142	+0.007	+0.35%
Ethanol •318 days	2.161	+0.000	+0.00%
Silver •318 days	30.82	+1.16	+3.92%

Silver • 318 days	30.82	+1.16	+3.92%
Copper • 318 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	65.41	+0.88	+1.36%
Natural Gas • 23 hours	3.334	-0.028	-0.83%
Heating Oil • 23 hours	2.141	-0.025	-1.17%

Headlines

702 days Will The ECB Continue To Hike Rates?
703 days Forbes: Aramco Remains Largest Company In The Middle East
704 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,104 days Could Crypto Overtake Traditional Investment?
1,109 days Americans Still Quitting Jobs At Record Pace
1,111 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,114 days Is The Dollar Too Strong?
1,114 days Big Tech Disappoints Investors on Earnings Calls
1,115 days Fear And Celebration On Twitter as Musk Takes The Reins
1,117 days China Is Quietly Trying To Distance Itself From Russia
1,117 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,121 days Crypto Investors Won Big In 2021
1,121 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,122 days Food Prices Are Skyrocketing As Putin’s War Persists
1,124 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,125 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,128 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,129 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,129 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,131 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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: Bounce is Pushing Higher

By - Oct 11, 2012, 5:39 AM CDT

AUD/USD is bouncing after having tested its strong support at 1.0177. It is now challenging the hourly resistance at 1.0275 (05/10/2012 high).

A decisive break of the support at 1.0177 would confirm a bigger decline (see potential medium-term double-top).

The proximity of the long-term declining trendline, coupled with medium-term oscillators near overbought levels, favours a phase of weakness. Resistance at 1.0329 (26/09/2012 low, see also declining trendline).

Daily Technical Report