Commodity Prices

Gold •487 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,592.90	+17.50	+1.11%
WTI Crude •11 mins	60.97	-0.01	-0.02%
Gasoline •11 mins	1.898	-0.003	-0.16%
Ethanol •487 days	2.161	+0.000	+0.00%
Silver •487 days	30.82	+1.16	+3.92%

Silver • 487 days	30.82	+1.16	+3.92%
Copper • 487 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.78	+0.01	+0.02%
Natural Gas • 11 mins	4.181	+0.057	+1.38%
Heating Oil • 11 mins	2.389	-0.010	-0.41%

Headlines

872 days Will The ECB Continue To Hike Rates?
872 days Forbes: Aramco Remains Largest Company In The Middle East
874 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,274 days Could Crypto Overtake Traditional Investment?
1,279 days Americans Still Quitting Jobs At Record Pace
1,281 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,284 days Is The Dollar Too Strong?
1,284 days Big Tech Disappoints Investors on Earnings Calls
1,285 days Fear And Celebration On Twitter as Musk Takes The Reins
1,287 days China Is Quietly Trying To Distance Itself From Russia
1,287 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,291 days Crypto Investors Won Big In 2021
1,291 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,292 days Food Prices Are Skyrocketing As Putin’s War Persists
1,294 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,295 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,298 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,299 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,299 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,301 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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

USD/CAD: Consolidating

By - May 28, 2013, 5:58 AM CDT

USD/CAD continues to bounce after the 23 May sharp decline. Monitor the test of the hourly resistance at 1.0360 (intraday high). Another resistance can be found at 1.0394. An hourly support is at 1.0286 (23/05/2013 low). Another support can be found at 1.0217 (20/05/2013 low).

In the longer-term, we favour a bullish bias as long as the support at 1.0000 (14/02/2013 low, see also the rising trendline from 0.9633 (14/09/2012 low) in a daily chart) holds. Key resistances are now at 1.0447 (04/06/2012 high) and 1.0658 (04/10/2011 high).

Daily Technical Report