Commodity Prices

Gold •754 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,616.00	-16.20	-0.99%
WTI Crude •10 mins	80.67	-1.94	-2.35%
Gasoline •15 mins	3.324	-0.004	-0.11%
Ethanol •754 days	2.161	+0.000	+0.00%
Silver •754 days	30.82	+1.16	+3.92%

Silver • 754 days	30.82	+1.16	+3.92%
Copper • 754 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	85.83	-2.53	-2.86%
Natural Gas • 22 mins	2.734	-0.033	-1.19%
Heating Oil • 23 mins	4.127	+0.015	+0.37%

Headlines

1,139 days Will The ECB Continue To Hike Rates?
1,139 days Forbes: Aramco Remains Largest Company In The Middle East
1,141 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,541 days Could Crypto Overtake Traditional Investment?
1,546 days Americans Still Quitting Jobs At Record Pace
1,547 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,551 days Is The Dollar Too Strong?
1,551 days Big Tech Disappoints Investors on Earnings Calls
1,552 days Fear And Celebration On Twitter as Musk Takes The Reins
1,553 days China Is Quietly Trying To Distance Itself From Russia
1,554 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,558 days Crypto Investors Won Big In 2021
1,558 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,559 days Food Prices Are Skyrocketing As Putin’s War Persists
1,561 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,561 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,565 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,566 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,566 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,568 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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