Commodity Prices

Gold •371 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,413.70	+28.40	+2.05%
WTI Crude •10 mins	67.75	-0.63	-0.92%
Gasoline •10 mins	2.171	-0.017	-0.76%
Ethanol •371 days	2.161	+0.000	+0.00%
Silver •371 days	30.82	+1.16	+3.92%

Silver • 371 days	30.82	+1.16	+3.92%
Copper • 371 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.66	-0.53	-0.76%
Natural Gas • 10 mins	3.235	+0.021	+0.65%
Heating Oil • 10 mins	2.413	+0.004	+0.16%

Headlines

756 days Will The ECB Continue To Hike Rates?
756 days Forbes: Aramco Remains Largest Company In The Middle East
758 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,158 days Could Crypto Overtake Traditional Investment?
1,163 days Americans Still Quitting Jobs At Record Pace
1,165 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,168 days Is The Dollar Too Strong?
1,168 days Big Tech Disappoints Investors on Earnings Calls
1,169 days Fear And Celebration On Twitter as Musk Takes The Reins
1,171 days China Is Quietly Trying To Distance Itself From Russia
1,171 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,175 days Crypto Investors Won Big In 2021
1,175 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,176 days Food Prices Are Skyrocketing As Putin’s War Persists
1,178 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,179 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,182 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,183 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,183 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,185 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…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 a Major Resistance Area

By - Jan 08, 2014, 5:49 AM CST

USD/CAD has broken to the upside its horizontal range between 1.0559 and 1.0738. The implied short-term upside potential is 1.0917. Monitor the major resistance area near 1.0870 (see also the 38.2% retracement). A support now stands at 1.0732 (intraday low).

In the longer term, the strong resistance at 1.0870 (02/11/2009 high, see also the long-term declining trendline from the October 2002 peak) continues to represent a major hurdle. However, a decisive break would validate a multi-year basing formation whose upside potential is around 1.1910.

Daily Technical Report