Commodity Prices

Gold •647 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,065.20	-46.90	-2.22%
WTI Crude •1 day	95.81	-2.06	-2.10%
Gasoline •1 day	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 • 1 day	95.20	-0.72	-0.75%
Natural Gas • 1 day	2.652	-0.018	-0.67%
Heating Oil • 1 day	3.745	-0.192	-4.87%

Headlines

1,031 days Will The ECB Continue To Hike Rates?
1,032 days Forbes: Aramco Remains Largest Company In The Middle East
1,034 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?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Bullish Intraday Reversal Near The Key Support Area

By - Mar 05, 2013, 5:15 AM CST

AUD/USD has made an intraday bullish reversal near the key support area between 1.0177 and 1.0149. A short-term rebound is likely. The hourly resistance at 1.0242 (01/03/2013 high) is challenged. Another hourly resistance is at 1.0290 (28/02/2013 high). The key support lies now at 1.0115 (04/03/2013 low).

The intraday reversal close to the aforementioned key support area has stopped our short strategy.

AUD/USD is moving within the medium-term horizontal range defined by the support at 1.0149 (08/10/2012 low) and the resistance at 1.0613 (09/08/2012 high). A decisive break out of this range would call for a medium-term downside risk at 0.9741. A key support is at 0.9582 (01/06/2012 low).

Daily Technical Report