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

  • 9 hours The $85B Merger That Could Change The Media Forever
  • 10 hours Why Are Governments Creating Their Own Cryptocurrencies?
  • 11 hours How Debt Cycles Impact Gold
  • 12 hours Investors Up the Ante In $1.5B Uber Loan Deal
  • 14 hours Are Gold Miners Poised For A Breakout?
  • 16 hours Is The "Crypto Winter“ Over?
  • 18 hours China Says It Doesn’t Fear Trade War
  • 1 day Twitter CEO: The World Will Have A Single Currency
  • 1 day Asian Currency Correction Could Signal Looming Crisis
  • 1 day Best Buy Drops Telecom Giant Over National Security Threat
  • 2 days The Pros And Cons Of The Federal Interest Rate Hike
  • 2 days Good News For Gold Bulls Despite Interest Rate Hike
  • 2 days Trump Hits China With $50 Billion In Tariffs
  • 2 days Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 2 days Stocks Pull Back Following Interest Rate Hike
  • 2 days Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 2 days Elon Musk’s $2.6 Billion Tesla Challenge
  • 2 days Tech Giants Could Be First Victims Of U.S. Trade War
  • 3 days Dow Gains Despite Fed’s Rate Hike
  • 3 days The Biggest Threat To Chinese Oil Futures
Economists Polarized On Trump’s Tariff Plan

Economists Polarized On Trump’s Tariff Plan

Economists are polarized on Trump’s…

Are Gold Miners Poised For A Breakout?

Are Gold Miners Poised For A Breakout?

Sooner or later, stock prices…

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: Validates Double-Bottom Formation

AUD/USD has violated 0.9345, and validate a short-term double-bottom formation with a target at 0.9450. Another resistance lies at 0.9374. An hourly support can be found at 0.9272 (26/08/2014 low).

In the longer term, prices are consolidating within the range defined by the key support at 0.9206 (see also the 200 day moving average) and the key resistance at 0.9461 (10/04/2014 high)/0.9505. The current succession of lower highs since early July 2014 favours a bearish bias.

Daily Technical Report


Read the Report

Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter