Commodity Prices

Gold •290 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	977.00	-3.10	-0.32%
WTI Crude •1 day	64.68	+2.21	+3.54%
Gasoline •1 day	2.099	+0.055	+2.71%
Ethanol •290 days	2.161	+0.000	+0.00%
Silver •290 days	30.82	+1.16	+3.92%

Silver • 290 days	30.82	+1.16	+3.92%
Copper • 290 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	67.96	+2.11	+3.20%
Natural Gas • 1 day	3.245	-0.002	-0.06%
Heating Oil • 1 day	2.152	+0.037	+1.74%

Headlines

674 days Will The ECB Continue To Hike Rates?
674 days Forbes: Aramco Remains Largest Company In The Middle East
676 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,076 days Could Crypto Overtake Traditional Investment?
1,081 days Americans Still Quitting Jobs At Record Pace
1,083 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,086 days Is The Dollar Too Strong?
1,086 days Big Tech Disappoints Investors on Earnings Calls
1,087 days Fear And Celebration On Twitter as Musk Takes The Reins
1,089 days China Is Quietly Trying To Distance Itself From Russia
1,089 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,093 days Crypto Investors Won Big In 2021
1,093 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,094 days Food Prices Are Skyrocketing As Putin’s War Persists
1,096 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,097 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,100 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,101 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,101 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,103 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 Sharply Lower

By - May 02, 2013, 5:02 AM CDT

AUD/USD collapsed yesterday close to its resistance at 1.0398. It is now close to its previous low and support at 1.0221. Another support is at 1.0202 (11/03/2013 low). An hourly resistance is at 1.0299.

A test of the key support area between 1.0177 and 1.0115 (04/03/2013 low) is expected as long as prices remain below the resistance at 1.0398.

In the medium-term, AUD/USD is moving within the horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high). The direction of the break of this range is expected to give the next medium-term trend.

Daily Technical Report