Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,378.90	+2.30	+0.17%
WTI Crude •13 mins	63.75	-0.30	-0.47%
Gasoline •28 mins	2.018	-0.011	-0.54%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.68	-0.27	-0.40%
Natural Gas • 11 mins	3.084	-0.016	-0.52%
Heating Oil • 18 mins	2.344	-0.011	-0.46%

Headlines

825 days Will The ECB Continue To Hike Rates?
826 days Forbes: Aramco Remains Largest Company In The Middle East
828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,227 days Could Crypto Overtake Traditional Investment?
1,232 days Americans Still Quitting Jobs At Record Pace
1,234 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,237 days Is The Dollar Too Strong?
1,237 days Big Tech Disappoints Investors on Earnings Calls
1,238 days Fear And Celebration On Twitter as Musk Takes The Reins
1,240 days China Is Quietly Trying To Distance Itself From Russia
1,240 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,244 days Crypto Investors Won Big In 2021
1,244 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,245 days Food Prices Are Skyrocketing As Putin’s War Persists
1,247 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,248 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,251 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,252 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,252 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,254 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Weak Bounce Thus Far

By - Jun 07, 2013, 5:09 AM CDT

AUD/USD has thus far only managed to produce a dead cat bounce in an environment where the USD dollar is weak across the board. Monitor the key support at 0.9388 (04/10/2011 low). Hourly resistances are at 0.9674 (06/06/2013 high) and 0.9792 (03/06/2013 high).

In the longer-term, the break to the downside out of the long-term symmetrical triangle (see the daily chart) favours a move below the strong support area defined by 0.9582 (01/06/2012 low) and 0.9388 (04/10/2011 low).

Daily Technical Report