Commodity Prices

Gold •599 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,199.40	+23.40	+1.08%
WTI Crude •11 mins	65.96	-0.52	-0.78%
Gasoline •42 mins	1.977	-0.020	-1.02%
Ethanol •599 days	2.161	+0.000	+0.00%
Silver •599 days	30.82	+1.16	+3.92%

Silver • 599 days	30.82	+1.16	+3.92%
Copper • 599 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.22	-0.54	-0.75%
Natural Gas • 12 mins	3.177	+0.130	+4.27%
Heating Oil • 14 mins	2.595	+0.009	+0.36%

Headlines

983 days Will The ECB Continue To Hike Rates?
984 days Forbes: Aramco Remains Largest Company In The Middle East
986 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,385 days Could Crypto Overtake Traditional Investment?
1,390 days Americans Still Quitting Jobs At Record Pace
1,392 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,395 days Is The Dollar Too Strong?
1,395 days Big Tech Disappoints Investors on Earnings Calls
1,396 days Fear And Celebration On Twitter as Musk Takes The Reins
1,398 days China Is Quietly Trying To Distance Itself From Russia
1,398 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,402 days Crypto Investors Won Big In 2021
1,402 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,403 days Food Prices Are Skyrocketing As Putin’s War Persists
1,405 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,406 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,409 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,410 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,410 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,412 days Are NFTs About To Take Over Gaming?

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

How Millennials Are Reshaping Real Estate

The real estate market is…

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: Challenging Its Steep Declining Trendline

By - Jul 30, 2013, 6:34 AM CDT

USD/CAD has broken its support at 1.0326 (11/07/2013 low), validating a bear flag with an implied downside risk at 1.0159. The short-term technical configuration remains negative as long as the resistance at 1.0325 (24/07/2013 high) holds. Another resistance lies at 1.0363. An initial support now stands at 1.0253.

In the longer-term, the key resistance at 1.0870 (02/11/2009 high, see also the long-term declining trendline from the October 2002 peak) is expected to cap the medium-term upside potential. However, as long as the support at 1.0137 (14/06/2013 low, see also the rising trendline from 0.9633 (14/09/2012 low) in a daily chart) holds, we would still favour a mild medium-term bullish bias.

Daily Technical Report