Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,351.90	-63.10	-4.46%
WTI Crude •17 hours	65.52	+0.28	+0.43%
Gasoline •17 hours	2.090	-0.009	-0.44%
Ethanol •359 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	67.77	+0.04	+0.06%
Natural Gas • 17 hours	3.739	+0.213	+6.04%
Heating Oil • 17 hours	2.307	-0.053	-2.24%

Headlines

744 days Will The ECB Continue To Hike Rates?
744 days Forbes: Aramco Remains Largest Company In The Middle East
746 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,146 days Could Crypto Overtake Traditional Investment?
1,151 days Americans Still Quitting Jobs At Record Pace
1,153 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,156 days Is The Dollar Too Strong?
1,156 days Big Tech Disappoints Investors on Earnings Calls
1,157 days Fear And Celebration On Twitter as Musk Takes The Reins
1,159 days China Is Quietly Trying To Distance Itself From Russia
1,159 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,163 days Crypto Investors Won Big In 2021
1,163 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,164 days Food Prices Are Skyrocketing As Putin’s War Persists
1,166 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,167 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,170 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,171 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,171 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,173 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: A Short-Term Double-Bottom is Likely in Place

By - Jul 10, 2013, 5:32 AM CDT

AUD/USD has successfully tested the support at 0.9037. Coupled with the breach of the hourly resistance at 0.9190 (03/07/2013 high), a shortterm double-bottom is likely underway. The upside potential is given by the resistance at 0.9345. An initial resistance lies at 0.9253 (01/07/2013 high).

In the medium-term, the break of the strong 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. A significant resistance now lies at 0.9345 (26/06/2013 high).

Daily Technical Report