Commodity Prices

Gold •646 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,065.20	-46.90	-2.22%
WTI Crude •9 hours	95.81	-2.06	-2.10%
Gasoline •9 hours	3.016	+0.015	+0.51%
Ethanol •646 days	2.161	+0.000	+0.00%
Silver •646 days	30.82	+1.16	+3.92%

Silver • 646 days	30.82	+1.16	+3.92%
Copper • 646 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	95.20	-0.72	-0.75%
Natural Gas • 9 hours	2.652	-0.018	-0.67%
Heating Oil • 9 hours	3.745	-0.192	-4.87%

Headlines

1,031 days Will The ECB Continue To Hike Rates?
1,031 days Forbes: Aramco Remains Largest Company In The Middle East
1,033 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,433 days Could Crypto Overtake Traditional Investment?
1,437 days Americans Still Quitting Jobs At Record Pace
1,439 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,442 days Is The Dollar Too Strong?
1,443 days Big Tech Disappoints Investors on Earnings Calls
1,444 days Fear And Celebration On Twitter as Musk Takes The Reins
1,445 days China Is Quietly Trying To Distance Itself From Russia
1,446 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,450 days Crypto Investors Won Big In 2021
1,450 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,451 days Food Prices Are Skyrocketing As Putin’s War Persists
1,453 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,453 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,457 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,457 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,457 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,460 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Validates Double-Bottom Formation

By - Aug 28, 2014, 5:55 AM CDT

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