"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 13 hours Global Debt Hits 225% Of GDP
  • 14 hours The World’s First Trillionaire Will Be A Space Miner
  • 15 hours How Student Debt Could Cause The Next Real Estate Crisis
  • 16 hours This $550 Billion Industry Is Betting On Bitcoin
  • 17 hours One Commodity Set To Soar On Russian Sanctions
  • 19 hours China’s New Car-Market Rules
  • 21 hours Oligarch Risk: The New Red Flag For Investors
  • 2 days Five Things To Consider Before Investing In An IPO
  • 2 days Investors Bullish As Earnings Season Kicks Off
  • 2 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 2 days Is Facebook Still A Buy?
  • 2 days Will Blockchain Stocks Ever Bounce Back?
  • 2 days Geopolitical Tensions Fail To Boost Gold Prices
  • 2 days China's Economy Soars Despite Trade War Fears
  • 2 days The Biggest Threat To The Economy
  • 3 days What Does A Billionaire's Bucket List Look Like?
  • 3 days Is The Global Economy Growing Or Slowing?
  • 3 days A Sanctions War Could Cripple U.S. Corporations
  • 3 days British Pound Soars To Highest Level Since Brexit
  • 3 days Markets Bounce Back As Geopolitical Fears Subside
3 Stocks to Watch This Earnings Season

3 Stocks to Watch This Earnings Season

Stocks began Friday with a…

One Commodity Set To Soar On Russian Sanctions

One Commodity Set To Soar On Russian Sanctions

The recent sanctions on Russia's…

MIG Bank

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

AUD/USD: Making New Lows

AUD/USD continues to decline, breaking the support at 0.9110. Hourly resistances can be found at 0.9190 (03/07/2013 high, see also the declining channel) and 0.9253 (01/07/2013 high).

In the medium-term, the break of the key support at 0.9388 (04/10/2011 low) opens the way for a further medium-term decline. The break to the downside out of the long-term symmetrical triangle (see the daily chart) suggests a move towards 0.8236. Key supports are at 0.8771 and 0.8067.

The current bounce has forced us to close our short strategy for profits.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment