Commodity Prices

Gold •760 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,663.00	+4.30	+0.26%
WTI Crude •11 mins	80.05	-4.62	-5.46%
Gasoline •12 mins	3.016	-0.099	-3.16%
Ethanol •760 days	2.161	+0.000	+0.00%
Silver •760 days	30.82	+1.16	+3.92%

Silver • 760 days	30.82	+1.16	+3.92%
Copper • 760 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	83.57	-4.36	-4.96%
Natural Gas • 14 mins	2.766	+0.019	+0.69%
Heating Oil • 13 mins	4.027	-0.069	-1.68%

Headlines

1,144 days Will The ECB Continue To Hike Rates?
1,145 days Forbes: Aramco Remains Largest Company In The Middle East
1,146 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,546 days Could Crypto Overtake Traditional Investment?
1,551 days Americans Still Quitting Jobs At Record Pace
1,553 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,556 days Is The Dollar Too Strong?
1,556 days Big Tech Disappoints Investors on Earnings Calls
1,557 days Fear And Celebration On Twitter as Musk Takes The Reins
1,559 days China Is Quietly Trying To Distance Itself From Russia
1,559 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,563 days Crypto Investors Won Big In 2021
1,563 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,564 days Food Prices Are Skyrocketing As Putin’s War Persists
1,566 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,567 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,570 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,571 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,571 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,573 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: Yesterday's Bullish Reversal Alleviates Recent Bearish Concerns

By - Feb 27, 2014, 6:45 PM CST

AUD/USD made yesterday a bullish reversal pattern (hammer), negating part of the bearish outlook stemming from the head and shoulders. A break of the initial resistance at 0.8989 (intraday high) would call for a second leg higher. Another resistance lies at 0.9049 (24/02/2014 high). Hourly supports stand at 0.8904 (27/02/2014 low) and 0.8874.

The long-term technical pattern is negative and favours a further decline towards the key support at 0.8067 (25/05/2010 low), as long as prices remain below the resistance at 0.9168 (02/12/2013 high, see also the 200 day moving average).

Daily Technical Report